Monday, 3 December 2012

EURUSD updates

EURUSD





A short update on what i am seeing on my chart for this pair. Take a look at the EURUSD on a daily, i am starting to see a finished A-B-C corrective wave which is also our wave 4. Proceeding that should be a wave 5 up. Let's look at the 4 hr chart for any short term trading signals.



The wave counts are as labeled and we should see a turning soon. From what I see here the pair might turn at 1.309, both the MACD and RSI indicators are telling me something, a turn is near and all we need to do is wait for a good shorting signal (candlesticks or time factor).

Watch it. ;)


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