Τρίτη 11 Ιανουαρίου 2011

A bounce would be a great short opportunity

So it seems that the first leg of the 5th wave was completed, and now a bounce to at least 50% retracement is expected... Considering, though,  the very bearish eurusd outlook even the 38,2 % level satisfies min expectations for a 2nd wave, so this is the level I'll be watching closely for a short position down to at least 1.2585...

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