EURUSD – Daily – Recent Price Action

If you take a look at additional EURUSD bottoms than the few here on this chart the majority didn't have more than one of these ..big BEAR 2nd thought candles (blue arrows) when they moved UP and Out .. leads me to believe one more BEAR candle with a weak close ..and the break to new lows probability weights 80/20 more down. Clank is slang meaning bad shot .. in this case.. unexpected bad candle..


May 28 2013-> UPDATE: 3rd Clank has happened ..this chart is rapidly deteriorating 80/20 probability imo breakdown will come unless big news creates a reversal ..


ps bonus newly upgraded trade setup .. 4 - 32" Sony - 3 Dell 24" on 2 desktops and a laptop


Leave a Reply

Your email address will not be published. Required fields are marked *