Thursday, January 14, 2010

EUR/USD 5 Minute Chart


Just a quick snapshot of the count I believe the EUR/USD is following. I just got short at 1.454 with my stop loss at 1.458.

2 comments:

  1. Been following the same count. Expecting to encounter some resistance at 1.445 where fib retrace levels begin. The reaction of the market from there will tell us if wave 4 (alt 2) has further upside or if we head down to new lows.

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  2. I agree. I'm going to be moving my stop loss to breakeven to cover this trade either way. Price action has been choppy lately.

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