Here is a close up of what I think is going on for you Johnny. It is possible that a triangle is forming due the the 3 waves up and 3 waves down we have had so far, however I am more inclined to believe that a regular flat is forming due the the very small difference in price between the two recent highs. Either of these option point to some Euro weakness over the short term, and as I said in the comments box I have taken a small short position at 1.501 with a stop just above the recent high.
No comments:
Post a Comment