Disliked{quote} Most of us were not convinced of any upside when the Euro was at 1.2810, and look what happened.Ignored
Yes, that was a complete mess. I was lucky, because I covered my shorts around 283 or so, when I remember correctly. I waited then for a wave 4, or a further wave 2, but was absolutely stunned, when we popped 450 pips in a single day.
In the aftermath situation was clear: when we reached the bottom, big bullish divergences in play, the Comm speculators suddenly net long, and most important, sentiment data only showing 3% EUR bulls left - there was only one way: up