EURUSD has spent the last 10 months building a mode around the 1.12000 level. The last few weeks have been strong sell bars, with price lying nearly 450 pips below that mode level. Time At Mode says that if price spends all of November without rallying back to the 10 month mode, the downside projection is a target of .9600 before October of next year. Also included in this chart is Tim West's RgMov trend indicator, which is showing a clear Elliott Wave count that also suggests bearish price action to follow. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently apart of a professional skype group that shares trade setups, hosts 2 private webinars per week, and also offers one-on-one tutoring via Skype calls. GL!
