Euro $

Hi Everyone.

I am not involved in the day to day of http://www.whichwaytoday.com/ and have more time available to post here from time to time. The Euro$ weekly above shows a rising wedge on the weekly chart. The forex markets went crazy earlier as the Swiss intervened and this may have given us a very good entry short of the Euro $ for a move which could be substanial.

Last week the pair made a 2 bar outside reversal bar chart pattern on the weekly and the weekly action is a range expansion bar.

The short term trends are still up and I think we should wait until at least the m15 chart turns down.

I will try and post my entry here if the market confirms my thinking.

Good trading

David