The Boss
Short

Towards the fifth wave?

FX:EURUSD   Euro Fx/U.S. Dollar
235 0 0

We therefore left a 2013 full of economic events behind us and we are going to live the year 2014 , we are sure , we will provide still many issues to reason and act accordingly from the point of view of our trading , especially in the light of many issues that remain open since evidently just finished. Where will the euro? Continue to rise or will there be a reversal that everyone expects ? If we consider only the graph with only the bands as an indicator , the balance tends to fall more than climbing from my point of view . The price after reaching the area between 1.38 to 1.39 has found strong resistance consists of several elements which include :

1 . the figure head and shoulder neckline bullish started to form in the distant 2012
2 . the neckline of the bearish head and shoulder figure of 2011
3 . the trend line of the shoulders of the figure head and shoulder of 2011
4 . the trend line that starts from the peak reached in 2011
5 . bearish Gartley visible began to form in 2013
6 . Formation of the minimum type W 2013
7 . Probable end of the 4th wave

I leave you to the appropriate conclusions ...

Good trading :)






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