FOREX PRO Weekly April 08-12, 2013

[D.R.&Quinch]

eur jpy pos closed at 70. flat there.
eur usd 65% of position closed.
a very good fillip for my account
what next????

 

[D.R.&Quinch]

trying another long e j at tl support my target is 89

 

[D.R.&Quinch]

stop almost hit ej

 

[D.R.&Quinch]

if this pivot goes I will suffer a loss

 

[D.R.&Quinch]

just noticed this spike down could be counted as wave4 retracing to wave 2 of previous degree. therefore rule satisfied now up or count invalid

 

[D.R.&Quinch]

im thinkin invalid lets see

 

[D.R.&Quinch]

we also have m15 abc 1.618 down

 

[D.R.&Quinch]

if we count 5 waves up m15

 

[D.R.&Quinch]

cripes this is heavy bearish price action. I don't like it.

 

[D.R.&Quinch]

that's better.....