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Phorex_Network
Feb 20, 2014 5:08 AM

4hour EUR/USD  Long

Euro Fx/U.S. DollarFXCM

Description

Continued buying of dips confirming a longer C pattern in this corrective 2nd wave up. Look for continued upward movement probably in an a,b,c formation to end wave e. Looking to see resistance at top Bollinger Bands and 1.618% of wave a. Looking to short around 1.3785-.3800 but first to see if top BBand starts to round and flatten in the next 2-3 4hour bars. Fundamentally we have some data coming out in next 12 hours which should push us up to the .3800 level. Looking to see wave c of e extend fast up to top BBand to short. Will be taking some long scalp trades as we go up.
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