EURUSD: Did Somebody Say SELL?
If someone did, it sure wasn't me! I haven't posted on this pair in awhile but I feel compelled to do so now as I KNOW many, many of you so want to sell this right now! In a word....DON'T! Here's why....
IT'S AN STRONG UPTREND!!!! Why do you want to go and "catch a falling knife" (ok, I know it's not falling but its a metaphor!) and put yourself in front of a moving train? Anyone told you to SELL doesn't see the BIGGER picture here. If you see my chart that I'm posting here, you'll see that the wave count shows that this uptrend is NOT FINISHED! It should be in its final wave of a larger impulse wave (and is there any doubt this is an IMPULSE WAVE?). This final wave (v) should see price push towards retesting a MAJOR broken trend line around the 1.25 region.
Yes, there is to be a very, very nice SELL opportunity yet to come but it isn't now. When it happens, I'll be alert to it. PM me if you want to be informed.
IT'S AN STRONG UPTREND!!!! Why do you want to go and "catch a falling knife" (ok, I know it's not falling but its a metaphor!) and put yourself in front of a moving train? Anyone told you to SELL doesn't see the BIGGER picture here. If you see my chart that I'm posting here, you'll see that the wave count shows that this uptrend is NOT FINISHED! It should be in its final wave of a larger impulse wave (and is there any doubt this is an IMPULSE WAVE?). This final wave (v) should see price push towards retesting a MAJOR broken trend line around the 1.25 region.
Yes, there is to be a very, very nice SELL opportunity yet to come but it isn't now. When it happens, I'll be alert to it. PM me if you want to be informed.
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Twitter: @andrewefxselect
Website: efxselect.com
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