Buying the Dip

The British Pound has been strong since May. Very strong. Right now we are likely in Wave 4 of a 5 Wave pattern that should take the GBPUSD to around the 1.70 area.


gbpusd-7-05-2009


Price has been pretty nicely contained in the pitchfork.The break to the lower median line is a low risk opportunity to buy the dip.

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