euro$

Hi Guys

Above is a 30 minute chart of the Euro $ . If you look at the chart i sent this morning you will see that I marked in a wave 4 and then a wave 5 down to the target of 1.1805 odd. In the above we have Reverse Divergence on the m30 but there remains the possibility of another leg up which would be withing the rising wedge formation shown. Its trading at 1.1961 presently, with a target as presented early this morning of 1.1800. The time taken for the retracement is exactly 62% of the time taken to fall on Friday. That bodes well for a fall this afternoon.

I am watching the market and will post any trade.

There are no obvious trades on the h4 chart.

have a good trading afternoon

David