EURUSD end of Cycle, correction commencing

2014년 1월 10일

End of wave 5 has likely taken place and correction is under way, It's possible that wave (b) of that correction hasn't completed yet.
Long entry with stop below most recent low (~1.3550), target: 1.3680 – upwards (1.3760 – 1.3820)

This setup could make new high and continue if in larger picture wave 5 was an end to a correction in itself. Will have to wait and see...