Thursday, November 10, 2011

Eur/Usd : 1.3600

The count i've been following seems to working out. I've changed the labels from the decline from A-B to W-X because price after the X is corrective, meaning this decline is a complex double three. Notice that around 1.3600 price has been supported or resisted. Price seems to be setting up for a nice risk to reward short trade. If price goes above 1.3867 the count will need to be adjusted.

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