Daily Forex technical analysis for the major pairs Based On The Elliott Waves Principle Combined with Various Technical Indicators And Fundamentals
Thursday, June 3, 2010
Accurate Prediction
i m showing in this chart the scenario that i was anticipating it might happen with out current price action
the move up in a correction that happened from the 10th of Mai to 13th , where the price moved up then consolidated in a bullish flag then it broke up but didnt mannage to make a new high then broke down to the 3rd wave down ,, i was very hesitated to jump into the long side althought i was posting some charts here showing possible rebound up cause i felt this scenario might come into play and i think we r pretty much into it right now .
i might wanna jump in into the short side when i see the proper setup but i ll be very cautious as i m expecting a consolidation in the trend before the NFUP tomorrow
will keep the blog updated with possible trades
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