Posted By Akshay Chinchalkar
Message: The EUR has fallen in a clear 5 wave pattern since its recent top at 1.5141, which i have labelled as wave (1) down of the next leg down. Need more evidence that the top at 1.5141 was indeed circled 2, so wouldn't want to go all out short. From today's low at 1.4668, a rally to the termination of the 4th wave triangle at 1.4863, or possibly the 50% retracement at 1.4906 could be seen provided 1.4668 holds for now. Only the markets will tell if uncle sam is back! Good luck to everyone.
1 comments:
hi Akshay,
Your setup looks fine..
Thanks for posting..
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