JahDave
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Here are some of my current Euro charts. My overall opinion is that at the absolute minimum, the Euro is going down below 1.40 on this run. With that being said as you can tell on every hourly chart, the euro is due for a bounce soon. My trading strategy at this point will be to add to my already short position when I am fairly confident that the bounce is over. Please notice that the daily indicators are fully entrenched on a down path now, but the hourly indicators are showing oversold. My opinion on this is that after the bounce to satisfy the hourly indicators is over, then the daily and hourly and 4 hour momentum indicators should all be lined up in unison for a very strong down move. This also will coincide with my Elliott Wave count, because I am looking for a wave 3 of wave 3, and this would indicate a very strong move down.I am putting up a few day and hourly charts. Please ask if you have any questions.
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EUR_USD_06_12_Ichi_Day.png43.6 KB · Views: 133
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EUR_USD_06_12_Ichi_Hour.png55.7 KB · Views: 147
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EUR_USD_06_12_Pitchfork_Day.png52.5 KB · Views: 132
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EUR_USD_06_12_Pitchfork_Hour.png43.3 KB · Views: 149
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EUR_USD_06_12_RSI_Day.png51.3 KB · Views: 155
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EUR_USD_06_12_Stochastic_Hour.png36.3 KB · Views: 149
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EUR_USD_06_12_Stochastic_Day.png33.1 KB · Views: 128
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EUR_USD_06_12_RSI_Hour.png54.5 KB · Views: 134