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Tuesday, 27 November 2012

EUR/USD H1 & H4 Update

So far the idea to buy EUR/USD  @ 1.2920  is working good.
There is 2.5 pips overlapse between wave 1 and wave  4 and that was the main reason I had changed the count to ABC but it looks like market does not care about this kind of small overlapse on levereged markets so I will stick with impulsive 1,2,3,4,5 labeling.

If this is the end of wave 4 then I will hold my long for some time now - swing trade up to 261% Fibo Expansion as a target for wave 5.


Seb



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