11 - 20 - 08 GBP/USD (short term)

In near term, this pair looks bullish.

Subwave started from 1.6196 could have already completed at 11/13/08 low 1.4556.
In other word, price from last Thursday(11/13/08) low 1.4556 is likely to develop the same degree of correction wave (subwave 4) as 11/4/08 low 1.5597 to 11/5/08 high 1.6196, which could enter the 1.5597 --- 1.6196 territory.
If it is true, price from 10/30/08 high 1.6670 would develop a diagonal triangle moving pattern,  most likely an ending diagonal with expanding variety.


reference attached chart


Buy nearby 1.4700 with stop loss below 1.4556, target 1.5597 -- 1.6196

谢谢老师分析..........

Thank you so much, dear Sir!

谢谢老师分析..........

在短期内，这两人看起来看涨。
子波从1.6196可能已经完成在11/13/08低1.4556 。
在其他字，价格从上周四（ 11/13/08 ）低1.4556很可能发展同等程度的修正波（子波4 ） 11/4/08低1.5597至11/5/08高1.6196 ，这可能进入1.5597 --- 1.6196领土。
如果这是真的，价格从10/30/08高1.6670将制定一个对角线三角形移动的模式，最有可能结束对角线与扩大品种。
参考所附图表
购买与附近的1.4700下方止损1.4556 ，目标1.5597 -1 .6196
谢谢老师/

谢谢老师的分析，以及楼上的翻译！

谢谢老师的分析， 以及楼上的翻译

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