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Euro Setup Example (Daily)

24. March 2010
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6E Daily: This setup has already occurred, but it was a very technical setup that is worth noting. Using symmetry, the previous pullback gave us a very accurate prediction of where the next pullback may go.  Both blue arrows are the same length.  Also, the AGET stochastic setup was also perfect (red arrow).

 
 
As for a target, a potential target is the 127.2% level as shown below.  You can also see that the stochastic is now as oversold (red arrow).  So far today, we came 3T from that 1.3329 target.
 
 
 

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