Elliott Wave Theory GBPUSD 15 Feb 2012Break high level , it confirms the basic scenario , and the bullish trend will continue. In case of breakdown of the support level, the price will have the opportunity to form a deeper correction. Given the Ichimoku indicator at the time - frame, H4, we can conclude that at this point, the price is in a corrective phase. Dead formed a cross, the price of trying to break down under a cloud, the cloud changed from bullish, bearish on, a signal line, Cinque, is under the price, the MACD indicator went into negative territory, after the divergence formed.
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Forex is simple follow the trend and you will rich.
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