SBSTOCKS
Long

EURUSD LONG swing @ Market 100+ PPIPS

FX:EURUSD   Euro / U.S. Dollar
464 0 6
Good morning all,
This is our take in SBSTOCKS.COM today Wednesday 27 January 2015 on the EURUSD             pair.
IN A NUTSHELL: On the weekly chart the EURUSD             is bouncing back from what it looks like a double bottom support area @ 1.0450 levels.
For the past 53 days the pair have been in sideway movement preparing for a breakout/breack-down, bearing in mind that we are coming from a double bottom support area and the previous impulsive move was up, that might be signalling a breakout instate of a break-down. a simple ABC correction might have been completed and a 12345 impulsive wave is in this way of formation. However with (1 or A) (2 or B) seems to be completed.
CONCLUSION: along my be a wise choice for the moment see the chart for Signal instructions.
Comments are very welcome
Comment: This is taking longer than expected to come in conclusion, we might close it manually. stay tuned
Trade closed: target reached: SUCESS: Finally Profit Taken +139 PIPs
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