We seem to have finished the Correction Pattern in Wave-ii of larger Wave-5 for Bullish EURUSD Run at around 1.3830. From here we should have Impulsive Wave-iii with a possible target of 1.44 to 1.4425 (1.618 Fibonacci level).
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Asher’s Posts
- Some food for thought … September 2, 2010[…]
Anprendiz’s Posts
- intermediate swing trade 1 August 5, 2010Officially I’m waiting for price action to confirm my viewpoint of USDCHF under parity by 2012, 2013 at the latest, to get on board for the very long term. But what do in the meantime? Trading the intermediate swings seems the way to go (although for most traders the duration and scope of said swings will seem […]
CMellon’s Delta Counts
- Feb 19: GBP USD - Travelling to ITD 3 low / MTD 10 low February 19, 2010We did hit ITD 2 high in 10 trading days as per my last post and then reversed sharply as the Fed increased the discount rate by 25 basis point.Currently we are travelling to ITD 3 low which is due on average Feb 24. This would likely be MTD 10 low as well. […]
Melbgirl’s Trading Adventures
- Candlestick Confirmation September 8, 2010In this chart, taken three days after the other one a nice reversal pattern that confirmed the RSI divergence (that first appeared on the 15M chart) can be identified. You can also see how price have broken the trendline which is another confirmation of a short bias. In this case I would keep the short trade […]
[...] a Major shift in Sentiment might be around the corners. As we’ve previsouly identified in our Elliott Wave Analysis for EURUSD, we’re currently trading in the Larger Wave-5 structure which means that once the Impulsive [...]