The Euro is on a relentless move up but since the last larger degree correction we have 9 waves in at today's high. With that said its time to tighten up the stops on long positions. Only a secondary lower high would signal a sell signal and that would be one with a tight stop because the main trend has been up! Personally I'm looking for a secondary lower high to sell into at this point. Timing is coming in at the red vertical lines. The 1.4525 area could halt the move up for some corrective action!
No comments:
Post a Comment