SHARP GBP USD RALLY PREDICTED 7 DAYS AGO
As predicted several days ago, the GBP has rallied sharply above major Support area of 1,2000 to start an uptrend that will take it up to the 1,2750 area by Wednesday January 25th, 2017. This is all part of the predicted formation of a Consolidation Setup on the Daily Chart.
In the screen shot of the Private Video Tutorials sent to DRFX Subscribers (www.drfxswingtrading.com), you can see the blue line used to indicate where I expected the rally.
PRIVATE VIDEO LESSON - JANUARY 10, 2017
In the screenshot and Youtube Video below of January 18, you can see that the rally took the form of a strong Bull Candle - exactly where I predicted.
PRIVATE VIDEO LESSON JANUARY 18, 2017
This projected Consolidation is based on the type of bullish and bearish waves on the Daily Chart. From the Trading Manual, you will see that there are certain types of waves that tell us when the market will form a Consolidation.
Once you spot them early, you can trade these waves several times until the boundary is formed. You can then get even more Pips once the breakout finally starts.
So this was another major example of how you can predict major moves and reversals on the Forex. When this is part of your strategy and daily routine, larger turnover on your account from larger Pips will be realized.
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(M.Sc. Economics, B.Sc. Management and Economics)