Sid's Bullish Call on the GBP/USD Currency Pair during the March 12, 2017 "Counts" Webinar
Each week, Sid Norris of ElliottWavePlus.com holds a Sunday webinar for “Pro Plan” subscribers. During the session, he presents his Elliott Wave counts and associated Fibonacci price targets for many of the world’s major stock markets, commodities, currencies, and bonds. Hurst cycle analysis and retail trader sentiment are also strongly considered.
The following video clip shows Sid’s coverage of the British Pound (GBP/USD currency pair) during the March 12, 2017 “Counts” Webinar. Sid suggested that the recent drop in the GBP/USD was nearly complete and that the pair should start rallying within a couple of days, eventually moving to the upside as much as 700 pips over the next month. Here’s the call:
Two days after the call, on March 14, the GBP/USD pair bottomed and started rallying nicely. By the end of March, the pair was up over 500 pips. easily allowing traders to trail their stops well into profit.
This video clip illustrates how subscribers at ElliottWavePlus.com benefit from Sid’s approach of combining Hurst cycle analysis, trader sentiment, and Elliott Wave to add powerful insights to your trading strategy.