4/23/2012

Almost whole weekend analysis are no longer valid because of market open.

There was really good setup on USD/CHF but it was too late.

Now i have 1 position - its long term swing trade on EUR/JPY.


EUR/JPY made probable wave 4 high and now its going down with wave 5.

Minimum target is 50% of wave 4, and longterm position target should be below wave 3 low. I will make projections later - this is position for few days anyway.

16:26

EUR/JPY reach 50% of wave 4 - what supposted to be my target for short term position.
Now im starting to defens position closer to price.  And it will be just above last 15minute bar.

Im not moving long term. I will do it after bearish 4H DT signal.

17:25

Position closed on +55pips

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