The Euro Trend
I hope we have all had some gains since Saturday. As I was busy yesterday I was unable to watch the market but I had placed a sell order to open based on the FOMC yesterday. My order was at 12896 and the Euro did go up all the way but only to 12895 so it did not trigger. When I got home the first thing I saw was the chart and was very happy only to then look at my account and find out my order wasnt filled. Very annoying but these things happen!
As we have still not broken 12980 we do not need to analyze our trend direction.....it is still down. I have been consistently chirping to you all that the trend is down over the last few weeks and that is still the case. For swing trades, take a good reversal fib point and reversal candle for shorting. If you are unsure about which fib numers I am talking about then do yourself a favour and buy the DTW 40 Hour Home Training Course.