Euro Dollar Analysis and Views
This looks like an A B C correction (wave 4) of the previous impulsive (wave 3). In line with the short trade expected on the dollar index 0.42% I am waiting for a nice long set up on this pair. Price may break the top to give a 5th and final move up or it may form a more complex correction. Either way the long set up will be worth a punt. Keep stops tight in line with our trading strategy.
I'll update my ideas as they develop
First rule of trading - Protect your capital
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
