Mika's Commentaries
Aug
11
2010
Eur-Yen,
by Mika
Overall Rating:
That indeed was action day. Those GU and EU hourly butterly really marked end of W5 - like twins.
There was pretty strong reversal also but still expecting lower tomorrow besides EurYen also printed my cont. triangle for very major TF in here as 4H chart. With minium ABC is the issue.
Good old bradley modelling, knew again today is reversal day like did that QQQQ ending diagonal also even there was decent fight also with next W2 (0.786) after huge plunge.
Beware of EW flats, this bouncing might stay some time but lower again tomorrow is my best call.
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