My Elliott Wave count shows the Euro in wave 4 at the moment. Usually wave 4 is more sideways consolidation than a deep retracement, so I am not looking for big move up tonight in the Euro. I am posting up a few hour charts, and they are all showing oversold on the technical indicators, so I am expecting a move against the USD tonight across the board. Also, my post last night said that that if it broke the pitchfork trendline then it should accelerate to the downside and that did happen. It was a very good trading day for me as all 8 of my positions went in my favor. I usually get the majority in my favor, but not all. I did cash some positions out tonight expecting to get back in tomorrow or Friday or Monday. Anyway if you have any questions about my charts I am posting, then please ask.
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