Thursday, January 16, 2014

EU- Still Bullish... by 1 pip

Gotta Love those MM  Players...  New sellers at 1.3650 (drawn out on news) supply was quickly absorbed... Once the .38 fibo on smaller tf was violated- wave 3 down came off the table...(one of those unwritten rules I tend to follow)  (look back in time all the good  wave 3's that start mid session have a quick .38 correction before it zooms off) Anyway -- Lots of shorts around-- MM gonna love taking out stops...


As for AU- Looks like I misread the market- Massive news Move- can't stop but think it was a big shake out...