Tuesday, December 13, 2011

Dec 12-13 Eur/$ Short Cover on Divergence

This is yesterdays chart of the 4HR we used to cover Eur/$ Shorts, momentum running out of steam of what we believe is the 3rd Wave. Looking for a correction, after that's complete we'll get back Short. Turned out to be a good decision so far. From todays low the Euro bounced +70 pips, so certainly theres a little steam running out on the downside. Long term though down trend is firmly intact.



Posted by at 6:27 AM

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