Παρασκευή 10 Ιουνίου 2011

A 2nd wave down before a 3rd wave up again...

Don't get sucked in by this bearish price action 'cos it won't take much time till EURUSD reaches 15000 again while the crowd will continuously keep on selling the rally to come... This is a very confusing and trapping price action but it should not  last  for long... It's probably a second wave and this is how 2nd waves typically behave... they trap the crowd to the pre-existing trend, which for the last few months was bearish... So, after it reaches some fibo targets it should head higher again (of course it could turn out to be a more complex 2nd wave but this is sth time will show...)
Only a break below 13965 would make me change my bias but until then we should be buying this dip...


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