EURUSD - Ride the waves dude"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib.
Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION.
That being said I expect us to touch up to the lighter green (0.382) Fib level before too long today,
Tradingstrategy
Welcome to the drop - USDJPYSo many of us out there wish to truly capitalise on the huge jumps and troughs out there on all major pairs.
My firm belief is that we are about to continue into unprecedented low field price and that the worst is still yet to come. Dont forget what happens everytime an ECB or FED talking head gets on the screen....Generally the market falls as all they ever promote is more stupid uncertainty or a sheer view as to how thick they truly are concerning quantative measures for economic stabilty growth and future prowess.
Right now for Binary take that USDJPY down for the next 4/5 hours with 15 minute expiration positions.
Check out the other analysis posted up for the safer route via GOLD.
Feedback and ideas welcome! adam@stbinary.com if you want me personally ;)