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Wednesday, April 29, 2009

M10 Bounce - Morning Update

Last night the EUR/USD gained about 150 pips. It's always a good idea to keep an eye on that market for advanced signals.

We bounced off the bottom of the M10 Kumo.

We came so close to finally ending this wave. It does appear to have run it's course, but hey I think I've sung that tune before.

We will have to see what the day brings.
The price is currently well above all the clouds and the market has once again averted the retrace I've been looking for

Patience will win out over heedless actions.

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

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