1.09142 continues to provide resistance for this Wave C short trade.
We had a minor pull back for Wave 2 which looks complete.
Good place to add to shorts as we prepare for a move down to the 1.04802 area.
I expected the FED to weaken the Euro in the short-term in Wave 4.
After that I expected the Euro to back up to complete Wave 5 since September before it corrects in Wave 2.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
We had a minor pull back for Wave 2 which looks complete.
Good place to add to shorts as we prepare for a move down to the 1.04802 area.
I expected the FED to weaken the Euro in the short-term in Wave 4.
After that I expected the Euro to back up to complete Wave 5 since September before it corrects in Wave 2.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
