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Euro Expected to Form a Low Soon; British Pound Breakout Trade

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 6, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    I wrote yesterday that “the decline from the July 2008 high (1.6040) can be counted as a 5 wave drop (wave 5 is truncated). 5 waves down at this degree of trend indicate that the long term trend has changed and that a multi-year bear is underway.” The surge through...

    complete article here...

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