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Old 20-07-2006, 03:00   #215
Xaff
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Exclamation Re: Clear Recomendation For EUR/USD (Elliot Analysis)

Well...

what is there to say about that strong movement yesterday?
A part from a nice profit, the move was more impulsive than I expected and a new low was made.
These factors lowered confidence and warrant CAUTION because waveC might just be complete already. My long positions are now closed/reversed but with only small short positions open targeting still new lows. I will add to those small positions if confidence returns. An upside risk definitely exists as I expect new highs. Stoplosses to shorts should not be higher than 1.2735.

Cya.
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