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Short the EUR/USD?

Posted on February 10, 2010 at 4:59 in Uncategorized by Ross Yamashita

Let’s hold off on that for right now. Although the overall sentiment remains bearish, it seems we’re potentially in a Wave 5 movement down.

Some Elliott Wave traders love 5th waves while others don’t. Be sure to trade with caution with 5th waves because they can be truncated so it may not go down as far as some may predict they will.

It appears we’re potentially in a 2nd wave up. Once the wave completes, then look for a 3rd wave down, then fourth and fifth waves.

Good luck with your trading and we’ll see everyone again shortly.

Pro Pipper Trading

Tags: Currency Trading, Elliott Wave, Forex, FX, Pro Pipper Trading, Ross Yamashita

2 Responses to “Short the EUR/USD?”

  1. on 10 Feb 2010 at 8:13 pm1Julius

    Hello Mr. Yamashita,
    I’m a newbie in fxtrading. Is it still valid by now if I take short for EURUSD at 1.3740 by now?

  2. on 17 Feb 2010 at 8:06 am2Ross Yamashita

    Hello Julius,

    Welcome to the world of FX Trading and thanks for leaving the comment. Please view our latest post by clicking the link at the bottom of the page.

    Also, not being sure of your trading background, please be sure to learn (and apply) sound money management practices and start off with demo accounts.

    Good luck and welcome to The Trader’s Edge.

    http://blogs.fxstreet.com/tradersedge/2010/02/17/potential-eurusd-upswing/

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