Price bounced strongly above the 67.31 support level towards our take profit target - but how did we do it?
Join Desmond in this analysis review where he covers the reason why this setup worked nicely.
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The wave 4 that I was looking to unfold before could be over long ago as simple flat.
The further seesaw structure that already distracted so many traders from the crude could be an ending diagonal wave 5 of (5) of ((C)).
After it gets finished we could see a drop in 3 waves retracement.
This also needs to be understand by those who think that are trading just euro...Funds lock their positions in EURUSD with those in crude oil!
Understanding the OIL, EUR/USD Correlation
Read - chigrl1.wordpress.com
Most oil exporting countries trade assets in USD, meaning, these countries receive a significant portion of USD inflows from the proceeds of these...
