The reason I gave that trade and took it myself was because I knew (or guessed well) that there would need to be a move down in order to setup this big move up. If the big move up was to be a wave 3 of 3 type of move, then of course there needed to be a wave 1 and a wave 2 to set it up. Well, here's the wave (2) and it was a low-risk trade to take that wave (2) down.
Now, having said all that, THERE IS NO GUARANTEE THAT THIS PAIR WON'T KEEP HEADING DOWN! So be aware of that! I know what I'm looking for to tell me if and when this thing will turn.
**NOTICE** I will be doing a "move-by-move" update on the developing movements on this pair on my faceboook page so to let my faceboook members know the what and when's of this upcoming move up. Join me there if you also want to keep up-to-date with this pair! Of course, my paid members will get REAL-TIME updates on all developments on this pair and will be the FIRST to know when is the best time to get in on this potential MONSTER MOVE! Want to stay informed and be in on this move when it happens? Subscribe now! Go to: http://www.efxselect.com for more info and to subscribe today!
Of course, I will continue to update this pair's status here as I can but unfortunately will be delayed necessarily so.
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Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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