GBP/USD (Elliott Waves)

Looks like ending diagonal...

 

Or a leading one... (it isnt my count)

 

so if leading we go downmore?

did u close your gbp?

 

Yes, I closed my short.

 

I don't trade Cable. More false breakouts than any of the other major currencies IMHO.

 

Good call. Do you just trade EUR and GBP or do you throw in some other pairs?

 

I trade Cad, Aud, Eur, Jpy.. Some crosses.. But i like Cable. I and my colleagues developed some high-quality tools for trading. So the future direction is quite clear for me. Example: http://www.elitetrader.com/vb/showthread.php?s=&threadid=58248
EWA is my hobby))
Current situation

 

Are you long Eur/Usd?

 

Not just yet..

 

if your wave count is wrong on Cable ... then

how much lower can it go vs the USD ?