http://img135.imageshack.us/img135/4...2007uh7.th.jpg
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OUCH! Went on holiday last week without putting a stop in. :confused:
There went my gains shorting the Euro for the last few weeks in the 3 days since xmas...
bugger
missed out on this short last night.
Well, I clawed back about a third of last weeks losses!... :rolleyes:
Bravely held Steve.....
...................you may be able to save your
bacon as Euro does a retrace to possibly form
a BC leg of the potential blue butterfly shown.
The red BF 2nd target is shown as the higher red box,
which would if all goes well, form the blue BF for another
correction.
rgds - arco
Hey Arco
What are the parameters of your lower chart?
stochastic Dinapoli 833
I've mentioned it here before.
arco
Thanks Arco, I will do a search...
Could the daily EURUSD be forming a double-top?
Steve
IMO there perhaps could still be one more push higher to complete a 5 wave.
Check the chart in post 555. The current action is heading along the blue leg line BC south from 1.4922 pivot point. That leg should/could terminate on the minor uptrend line circa 1.4550/4600 (not plotted). However, any break through that line should be viewed with caution, but if we see a reversal north at that point then CD is most likely underway to the red box target area shown - 1.5200-5400. Thats the red BF target and would also form a new blue BF for a fall south.
GTA - arco