Deon_van_der_Merwe

Deon_van_der_Merwe Updated 

UJ rejected a major resistance area. Look for the short at market. Looks like the start of a wave C of a wave C within a larger degree correction.

Deon_van_der_Merwe Updated 

After a very sharp down movement due to FOMC news last week we did expect price to retrace and give us a good shorting opportunity. Based on the rule of alternation described by EW we do expect price to retrace 61.8% of the third wave down. This is where the entry is at. If it does not retrace to that price I will share with you a DNA system setup on the way down.

Deon_van_der_Merwe Updated 

EURUSD recently broke major weekly support now turned resistance by retracing to the 38.2% of the last move down. It also broke the short term bullish trendline to the down side. All indicators are pointing down. Sentiment is bullish and I like to take the contrarian view to what retail traders are doing.

Deon_van_der_Merwe Updated 

Buy the break after the correction.