FXCPS

Forex Chart Pattern Signals

Monday, October 23, 2006

Up or Down?

Euro Weekly
Euro 60 Minute
Euro Daily
Charts courtesy of Advanced GET. Data provided by eSignal.

Hmmmm!

I'll leave you to work this one out.

Euro Wave Count

Euro 50 minute chart
Chart courtesy of Dynamic Traders version 5. Data provided by eSignal.

Above is my current wave count for the Euro. Personally I think we may have a 3 or C and are now perhaps going for a wave 4 before we start a wave 5. In order to this to be the case there are a few things that need to be in place so keep an eye out for fib numbers.

Good luck trading today.