Time

Good morning all.

For those swing trading Euro, I hope we have all had a successful start to the day. You may wish to scale out to gain some profit around the 12525 area.

I have added the chart above to show a fib time chart for a couple of you who asked and as you can see, the recent high of wave B was around the 1.618 fib time. The three main factors concerning trading are price, chart pattern & time. Everything on the Euro chart has all of those. I must stress though and I know I have said it many times before but for those of you who are new, no matter how fantastic a chart may look, nothing is guaranteed so trade wisely.

Good luck everyone and thank you to those who have donated to charity.