Short @ 1.3133 with reduced risk exposure since entry was very late. Target 1: AB=CD Target 2: 1.27AB=CD Target 3: 1.618AB=CD
Long entry will be established at the 0.886 fib assuming price gets there, presumably will a little help from Big Bad Ben.
This trade should ideally look to test the low placed at 1.2750 and fail en-route, signalling bullish intention; presumably as QE cannot end overnight, so dollar weakness should persevere.
Comments
smartsociety
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so smart to analys the 2 hours chart and catch this crab . I triggered it short though I am afraid of today heavy impact news.
Food4Thought
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It's located on the left hand side vertical bar, where the Elliott wave drawing tool is.
kgmoney
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ah, it wasn't there until i refreshed my chart. no more drawing triangles :)
kgmoney
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nice...quick question...where did you get the '5-points pattern' tool? that is exactly what I've been looking for!