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Here's why this forex opportunity is both urgent and promising:
1.This forex market's daily chart shows complete waves 1 and 2. This is a textbook Elliott wave trade setup:
What should come next is wave 3 -- the strongest, longest and most explosive wave in an Elliott wave sequence.
2.Wave 2 has already retraced .618% of wave 1 -- a common Fibonacci reversal point.
3.You risk is limited and well-defined: Under the rules of Elliott, wave 2 cannot retrace more than 100% of wave 1. Quite realistically, the risk-reward ratio is at least 3-to-1.
3rd waves are what every Elliott wave trader lives for..
http://www.elliottwave.com/freeupdates/archives/2012/08/31/%e2%80%9cOf-all-the-FX-markets-I-cover,-this-is-the-clearest-opportunity-I-see-right-now.%e2%80%9d-%e2%80%93-Jim-Martens.aspx
Sell GBP/USD at market (currently 1.5868) with stop loss 1.5913.
