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The Disciplined Trader

'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by Pierre Charlebois, Senior Trading Coach at www.TradingPostFinancial.com

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Alternate possibility on EUR/USD

Posted on September 3, 2009 at 16:13 in Uncategorized by Pierre Charlebois

As I was doing my daily studies I see there is now abbout an equal possibility that the pair is forming a wave 4 triangle.

Wave 4 triangles always seem to drag out and frustrate. Sound familiar? If this is the case we should break out the top quite dramatically to form a terminal thrust. The support is anywhere between the current price and the bottom at 1.4050

Well, sonner or latter we will see just what the pattern was we were stuck in once we break out.

Cheers

Tags: Elliott Wave, eur/usd

One Response to “Alternate possibility on EUR/USD”

  1. on 04 Sep 2009 at 8:52 am1Nat Ekpa

    Very gud recommendation. Thank You. Keep me posted daily!

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