Euro Update

The Euro bottomed a little over my target in my initial post, but im happy to see my wave count was quite accurate, and we saw the turn after the end of the 5th of wave 5. 

I think the move from the lows so far has been an ABC correction, with a possible target of 1.4354..

Personally, i dont think we've seen the highs on the Euro yet, but its not enough to have an opinion and a position in the market.. I think its important to know in what stage a correction (or rally) is, and plan ur trades and stops accordingly..

Its always good to have a risk/return favourable set up. Risking 20 pips to gain 80, for example...which is precisely why we do what we do, and stare at charts for hours...Without tilting the odds into our favour, this becomes nothing more than a game at a casino..