Thursday, April 1, 2010

Short resumption

As you can see from my last chart, it made the retrace I was expecting. I think the long retrace is just about over. Now the short should resume soon to make the next leg down that should take us beneath 1.4780 and perhaps a good bit further. This coming short wave may be as long as a 1046 pips. Targets are the trend line or equality as represented by the horizontal line at 1.4248

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