Not much change on the Euro.

Hello all,

Well after saying I was favouring a short trade on Sunday for this weeks chosen currency of the Euro price proceeded to jump up on Monday.

However as things stand at present I am still favouring the short and the short term trend is still down and the FB is still showing at the bottom of GetStochastics and at the time of writing this draft todays candle is showing a doji formation although on looking at it now whilst trying to access the blogger it has come down further, and a possible flag pattern is possibly forming.

As said Sunday I am still waiting for another confluence to verify me placing an order in the market by ESLT.

The Euro is currently still in a non trading position therefore for me and so I will not take any trade until it is verified.

Possible further upside movement could happen first with the Get Elliot Wave count showing at the moment.

Also please take a look at the GBPAUD for a short but bear in mind the low of October which should be broke appropriately in accordance with your teachings.

As always please ensure to do your own analysis before taking any trades.

Have fun,

Clayton Farnworth.