video.cnbc.com - Here I will post a Kathy Lien video about the current situation on 19.12.2012.
She has a long position targeting the break-out (I was talking too about a break-out).
From a fundamentl perspective she makes some comments about fiscal cliff...
Despite the stop being hit the trade was really good. The direction and the targets were very good. However the risk control was not that brilliant. Anyway that is the real world.
Despite I am not an alliotician my EW count post factum looks...
According to the Oanda historical orders there is an accumulation of buy orders at the level 1.3700. That is major level. If the decline is going to continue I expect a support zone at that precise level.
I have worked on the topic how to take...