Seems long here is not good idea Situation changed. Seems it was little ABC. Now we have wave 1 of new down trend:
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DislikedGBPUSD: Still in the sell trade with TP @ 1.5655. I tend to focus on GBPUSD and GBPJPY mostly.
Akhh, I saw your analysis for a buy on EURUSD earlier that was cancelled. Quick question.. do you also use daily and 4 hour charts? I ask because since 10/02/12 EURUSD 4 Hour chart has been making lower lows and lower highs - hence Market flow is Bearish. As such I would only be looking for sell opportunities. 1.3180 was a good place (1.786 Fib level). Just a thought.Ignored
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Yesterday we had correction of wave 1 - it almost hit 50% Fibo of wave 1. After it few time it bounced from level 38,2 of wave 1.