Greetings!
I have to apoligize about not updating my blog. Between two jobs and an occasional consultant work as CNC programmer, not much time to do what I really want to do.
Past march 7th I had the charts labeled to upload but, one thing and another, I couldn't. My previous analisys worked really well. Below are those charts that I couldn't post.
In the daily we can see that a wave 5 had completed at that time, nevertheless, price went lower later. I suggested as next possible target the 1.4337 level which amazingly was reached. More on that later.
Next is the 240 chart. We can see there that my analisys was valuable and beyond that, accurated enough.
You may be wondering why to post out-of-date charts. May have no sense to you, but it has to me. The main idea of this blog is to keep a record of my thoughts and progress at this, so...
Around the world news move the markets. I'm not a fundamental analyst, I have to agree with some principles, though. Is it coincidence that Europe is struggling with their economies and we saw that price movement at this time... so much volatility? I'm more focussed in technical analisys and to react at what I see at charts, rather than guessing what would happen if Greece is going bankrupt.
In a little while I'm going to post up-to-date gbpusd charts and analyze what I think could happen from now.
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