29.02.2012  07:30

Today many news:

I will not open any position just before "red" news.

Now situtation.


AUD/USD is now in wave 5 of up trend. 2 blue zones are potential reversal zones from Fibo projections of wave 1, wave 3, wave 1-3, and revers projection of wave 4.


EUR/USD is also in wave 5 of up trend. Potential reversal zones are marked blue. Also by Fibo levels grouping. 3rd level is 100% of wave 1 and wave 3.


I think its still in wave B and before any bigger move up it should go down. But its possible that yesterday move down was wave C and there is non regular ABC correction.