Final push by USD...
Updated
Hi All,
Interesting week so far with USD finally showing weakness as I have been predicting. I am expecting a final USD fighting back for the next few weeks as summarised below.
Forecast for next week:
Starting from the low at 1.03411
Wave 1: Leading Diagonal impulse move to the upside
Wave 2: This move is still unfinished but wave A and B looks complete.
Wave A is a double ZZ combo (WXY), Wave B looks like a complex Flat which retraced at 78.6% of Wave A.
Forecast wave: I am anticipating a final wave C short to retest the 61.8% retracement of wave 1 to make a slight new low before EUR Bull return for a long while.
Interesting times ahead guys but for now, I am looking for a short entry
Happy Trading all and feel free to comment / ask questions.
Cheers
Don
Interesting week so far with USD finally showing weakness as I have been predicting. I am expecting a final USD fighting back for the next few weeks as summarised below.
Forecast for next week:
Starting from the low at 1.03411
Wave 1: Leading Diagonal impulse move to the upside
Wave 2: This move is still unfinished but wave A and B looks complete.
Wave A is a double ZZ combo (WXY), Wave B looks like a complex Flat which retraced at 78.6% of Wave A.
Forecast wave: I am anticipating a final wave C short to retest the 61.8% retracement of wave 1 to make a slight new low before EUR Bull return for a long while.
Interesting times ahead guys but for now, I am looking for a short entry
Happy Trading all and feel free to comment / ask questions.
Cheers
Don
Note
Correction: I had the flat A and B in the wrong placement but the overall idea remains the same - please see the update below.
Note
Update:It is looking like EUR is losing steam and is ready for the move downside as per my flat corrective count.
Please see the count update for your reference.
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