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'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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I’m not quite satisfied a long term top is in place on the EUR/USD

Posted on October 20, 2009 at 12:32 in Uncategorized by Pierre Charlebois

At this time although the USD Index is showing signs of a bottom I’m not satisfied the EUR/USD has made a final top.

There are three possible Elliott Wave counts and frankly the 2 corrective counts rather than the reversal count is a better fit at this time.

All three counts call for a reversal prior to a continuation.

3 Responses to “I’m not quite satisfied a long term top is in place on the EUR/USD”

on 20 Oct 2009 at 1:48 pm1j.j

thank you for this update .
Regards
on 20 Oct 2009 at 2:41 pm2Pierre Charlebois

Thanks JJ.

I think looking for range trades is best until it is clear we have a top.
on 21 Oct 2009 at 8:52 am3j.j

Dear Pierre hi, pls would you adv. on Euro/$ move now ?
regards

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