i am staying aside for now. will sell if the day closes below 1.2398. The move up has done a 61.8 retrace of the last swing as shown in the chart below. have to trade with tight stops as there is a chance this could be a 3rd wave for a move lot ...

Elliot Wave Analysis

Stopped out!!!

Elliot Wave Analysis

Sold with a bigger lot. Let's see. SL 1.2404

Elliot Wave Analysis

Hoping this hourly candle will close below 1.2398. Once that happens, then I will sell a bigger lot .

Elliot Wave Analysis

Iam out of the buy. Now looking to sell to 50% of wave a for the target of wave b. Selling very small with SL of 1.2403

Elliot Wave Analysis

Ah....This looks great. So many contributors with probable wave counts .all these combination and permutation looks great to compare and adjust. Iam still keeping my view of a correction up for wave A to 1.2390+ and a down move to B and then up for ...

Elliot Wave Analysis

a better picture can be obtained once Frankfurt opens in an hour and 15 mins .. a lot of volume will hit the markets once frankfurt and london opens.

Elliot Wave Analysis

There is a possibility that wave A is completed and is positioning for wave B. wave B usually comprises of 3 waves (regular). I will start selling small from here and if it goes more up from here to 1.239 area, that will be another place to put a ...

Elliot Wave Analysis

Iam out of the buy at 38.2 (nearly). This bar is moving with low volume.so iam a bit worried. Hoping it to go to 61.8 and then turn south for B wave. Or maybe it can turn south from here itself as a truncated wave. will check back in a couple of ...

Elliot Wave Analysis

Good possibility of EU to turn complete wave 5 of wave A correction if my assumption of major wave 5 is complete at the last daily swing high. expecting price to go to 1.2349 (38.2) and finally to 1.2398 (61.8) to complete the A wave.

Elliot Wave Analysis

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Elliot Wave Analysis

The 3rd wave seems to be an extended to 261.8, so wave A has not ended yet. it needs a correction down to 4th wave and subsequent 5th wave up for a down move to wave B. Hoping this correction will end by 1.2275 (50%) pf wave 3 or to FE 100 (1.2253) ...

Elliot Wave Analysis

Good chart Sixer.. I am sure all of us are in the same confusion whether the 5 th wave of 5 has completed or not. There is a good possibility that it has completed and this move down are the 5 waves of A wave correction as shown in the chart by ...

Elliot Wave Analysis

eurusd short term. In the short term i am hoping wave 1 is over with almost 61.8 of smaller waves (1-4) shown in the expansion of the first chart shown here. Now expecting a retrace upto 50% of the entire wave as wave 2 which is shown on chart 2. I ...

Elliot Wave Analysis

4th wave usually retraces 38.2 of wave 3. sometimes to 50% and rarely to almost the territory of wave 1 ending.

Elliot Wave Analysis

thanks for the chart.

Elliot Wave Analysis

I have been wrong many times buddy. that is why the market is not the easiest thing in the world to predict. you go by technical factors and try to predict patterns and hope for the best. Use stop losses wisely and you can at least make 10% in a ...

Elliot Wave Analysis

The chart i am interested in at the moment id usdcad.

Elliot Wave Analysis

In my opinion, we need to see a bottom soon on 4th wave and there will be a rally up for 5th wave to 1.2590 (38.2 minimum). here is a chart on eurusd. I am not too sure about GBPUSD.

Elliot Wave Analysis

expectations slightly into future

Elliot Wave Analysis