As many traders, I was able to enjoy a little ride down south. However, after reviewing the chart today and reading some news. I now have a new perspective. This is the setup:
-ABC pattern has finished
-Support line has been hit
-Fundamentally better news for the EUR (Greek bailout votes, etc)
Haven't decided yet if I'm holding this for a couple of weeks or shorter. But I am looking to buy the dips in EU. My Take profit is now set at 11400. Good luck with your trades!
UPDATE:
So the trend has turned against the buyers. But I do think that when the 10823 erea hits their should be a boune to the upside. Around that area I will look for bullish divergence
-ABC pattern has finished
-Support line has been hit
-Fundamentally better news for the EUR (Greek bailout votes, etc)
Haven't decided yet if I'm holding this for a couple of weeks or shorter. But I am looking to buy the dips in EU. My Take profit is now set at 11400. Good luck with your trades!
UPDATE:
So the trend has turned against the buyers. But I do think that when the 10823 erea hits their should be a boune to the upside. Around that area I will look for bullish divergence
