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traderWgun
Jul 13, 2014 6:08 PM

A clear setup... but wait, there is an alternative Short

Euro Fx/Japanese YenFXCM

Description

It looks like we are in wave C of Y and should drift lower.
But if wave B high gets taken out look to short the next
three wave or five wave advance against 142.52.

Here is the alternative count

It suggest that we are doing a flat (or complex correction)
and could see a test of 140 figure before more bearishness.

I prefer the main count as I still think EURUSD is bearish
below 1.3700 (video youtube.com/watch?v=7TXwslHWtWk)
and USDJPY could only see a smaller correction.

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Good luck!
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