Getting in positions for a huge short of eur/usd down to 1.05. This sets up perfectly with the fib retracement at 38.2% back from 2008 highs now in a downtrend to 1.05 which is at least 1000 PIPs from here.
Be sure to leave enough room for a pullback to 1.18 before the drop (worst case scenario) before the drop.
I will update as we go...
Be sure to leave enough room for a pullback to 1.18 before the drop (worst case scenario) before the drop.
I will update as we go...
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6;1 ratio, see image
