Tuesday, 6 April 2010

EUR/USD Analysis


Long Term Chart - I previously had this as a wave 4 triangle but looking at it, it looks more like a big B wave playing out. I had 12853 as a turning point for the C wave which is 61.8 of Wave A in price. Theres also strong support around that area.

The alternative count is we've had or near enough had 5 waves down to complete the first wave down.

No comments:

Post a Comment