Friday, February 8, 2013

EU - 1.3657 wolfewave hit -- now what? ?1.24?

The last three weeks of distribution on the Yen pairs has been interesting- big moves- now big corrections- so that keep in mind EUR may have a tough time making new highs this month Now I am surprised to see a cypher set up on the EU- so with that in mind I need to due due diligence and analyze the volume a bit more-- Although Daily on pound yen is scream short me (high volume hangman candle) One thing with Distribution -- it's like when they pull the rug out from under you-- price continues to fall only brief corrections at key levels to entice herd bullish buyers