Thursday 8 April 2010

Euro about to get its mojo back?

It would appear that the long-term triangle I have been watching has reached maturity; we are there - wherever there is.

Think I might get out of my EURUSD short...


UPDATE: talking of which, I was looking again at EURUSD. Clearly, we could have seen the low already last week, but I was having difficulty squaring this with a three wave rise and then a seeming impulse down from the corrective high. There is a way, however...


UPDATE 2: got carried away and was a bit early shorting this mother - got stopped out - but the bearish engulfing candle came right on cue...


Time to sell the rip on Monday methinks!

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