16.6 – 2009,
Long with european morning from 1,3850 as minium W2/C should come with eurodollar, but looking a place to reverse. Note that Gbp-Jpy are in different EW stage as this was only corrective A at so far, it´s larger degree waves are far more bullish also compared for eurodollar for which reason retracement should / could come very high, perhaps even 78,6.
We don´t necessary have another deep plunge to come today, those W2´s can zigzag sideways before next impulse takes the control – but would not bet that situation to stay.
Closed +65 Pips from eurodollar. “Safety” travell with temporary reversal ends for me in here with 38.2%. Fortunately didn´t swing it from asian market because trailing won´t work very well if price takes deep retracements. Well, of cource it it didn´t at this time…
