With the test of EUR at 1.3063 = looking at now some Bullish Scenarios= and maybe explain the High V over the past month with the relatively small drop in pips
With the EW e wave ending at 1.2035 and wave 1 ending at 1.3750- wave 2 ending at 1.2744?
A Daily close above 1.3505 would mean another 5 wave to 1.4731 is underway
First we need to see 1.3063 turn from Resistance to Support.
I am uncomfortable with three things-- the high Volume start of the rally with only two days of very small volume (the rally afterwards suggests only selling pressure has been removed. -- so what ever gains are made will be removed quickly if selling pressure returns. The three wave ending at a 1.2744. Thirdly Big B waves on the JPY pairs the high volume at the top (leaving so many gaps below).
Tuesday, April 9, 2013
Eu tested 1.3063
With the test of EUR at 1.3063 = looking at now some Bullish Scenarios= and maybe explain the High V over the past month with the relatively small drop in pips
With the EW e wave ending at 1.2035 and wave 1 ending at 1.3750- wave 2 ending at 1.2744?
A Daily close above 1.3505 would mean another 5 wave to 1.4731 is underway
First we need to see 1.3063 turn from Resistance to Support.
I am uncomfortable with three things-- the high Volume start of the rally with only two days of very small volume (the rally afterwards suggests only selling pressure has been removed. -- so what ever gains are made will be removed quickly if selling pressure returns. The three wave ending at a 1.2744. Thirdly Big B waves on the JPY pairs the high volume at the top (leaving so many gaps below).
