Quick update on EUR/USD
13 July 2011
| |
The value of going back to the bigger picture is illustrated by yesterday’s moves. We were focusing on the 1 minute chart trying to capture a decline to 1.4050, and missed out the bigger poetntial to the upside because of the completion of an extended 5th wave from the top. Take a look at these two charts and you will understand. | |
I teach exactly this kind of EUR/USD setup, step by step, in Module 14 (EURUSD).