E61!
EURUSD to complete correction and retest former top 1.1495There is a sideways consolidation emerged as possible double three WXY.
Another drop is pending before reversal.
Dollar Index (DXY): current map - possible ending diagonalThe dollar index could be in the ending diagonal wave (C). Then the drop is expected
EURUSD to tag the former low at 1.0636EURUSD goes in line with my expectations posted in the map earlier (pls see related).
It reached the upside target on Friday and then collapsed.
All minimum targets have been hit, so it can start now wave (y) down to complete huge wave X.
The wave (y) = wave (w) hits right in the area of the former low at 1.0636.
This will be the target.
Wait the pullback and see if it will not exceed the recent top before thinking of short.
EURUSD: possible map for large flat correctionThe pair could be in wave C of (X) of ((X)).
Let's see if it plays out classic model.
EU on it's bullish trend. Here's a trading plan. Previous Analysis on EU
In my last analysis, I have called EU have made short term top and will correct to the price level where Euro is at right now.
The big idea is though that Euro is on a run and we want to get a piece of it. The current support level could be a solid support to trade on short term.
While I do not recommend committing fully at this level, it's worth to test water and see how it goes.
As I have drawn on this chart, there are multiple way this can go, but the bottom line is support around 1.107 level should not be violated on daily candle.
As long as we keep our chart steady as explained, Euro should remain bullish and its worth a long bet.
One thing to note is that Global Recession could be near done (based on statistics) and we could take current phase as "Weakening Dollar Phase" as dxy has violated
very important support level. My idea on dxy could be found here .
Please note that this is not a TRADING recommendation.
Thank you and you all have good luck with your trading!
EURUSD buy on dips to 1.0990-1.1000 for 1.1140The correction could be over and now we got the first move up, which has been retraced now.
The idea is to buy on dips to 1.0990-1.10000 (78.6-50% Fibonacci retracement levels).
Conservative target is at 1.1140. Stop below 1.0985.
EURUSD plan for 14.08.2019I do not see power for rise more on EURUSD.
Also, price can't go higher than 1,12507. This area of 50% of last daily wave down.
We will break down 1hour support 1.11662 and will fall down to the lowest point to test it another time.
If you have any questions, write them in private messages.
Also, write comments below and push likes.
EURUSD plan for 12.08.2019My previous plan on EURUSD is still active.
I just mark move to 1.11122 another way because it is hard to reached that point now.
Price bounced from 1.11662.
Now it moves in range 1.11662 and 1.12507 and after that it will go UP.
Today I will tell you more about EURUSD on my YouTube channel at 11:00 by Chicago.
Find it by name "USOIL WTI" and subcribe.
Also I will answer your questions.
Trading plan for USOIL GOLD e-mini S&P500, EURUSD for Fraiday1. USOIL WTI( crude oil ) I expect main move DOWN . I wan to see retest of 57,00 hourly resistance.
2. XAUUSD main move rimains UP for me. So I want to see retest of 1414.
3. ES1! main move I expect DOWN . I want to enter from 3021, but need other conditions.
4. E61! ( EURUSD ) neutral. I think price will move more down, but there is now clear point to enter.
EURUSD: Possible map - triangular consolidationIt looks like wave X unfolds as a triangle ABCDE.
Earlier I was waiting for the flat where eurusd could reach at least into 1.17 area.
But market couldn't raise its head so high.
The ultimate target for the whole retracement is located at 78.6% Fibonacci in the 1.08 area.
EURUSD. Correction finished. Downtrend resumed.The pair had finished the entire WXY corrective structure as price broke down below the trendline support.
Then we had a pullback to retest the broken support.
Now the Bear Flag continuation pattern has been shaped.
The price should at least retest the former trough of $1.1215.
EURUSD completed triangle, could drop to 1.10This pair couldn't advance significantly amid poor NFP data.
The sideways moves 3-3-3-3-3 shaped the famous Triangle pattern.
Last wave up completed this pattern last Friday.
Now the pair could resume down move to hit the trend line ($1.10) that was built through recent troughs.
EURUSD. Possible map for current correctionEURUSD has a very complex structure (yellow wxy) inside of a larger degree consolidation (white WXY).
EURUSD Short before massive longFOREXCOM:EURUSD
Treasury-Bund spreads are narrowing again. With Eurusd lagging yield spreads the pair is weeks or maybe days away from a rally.
In the short term however, REBA-SOMA days and EU data likely to hold the pair down and push past support and new yearly lows.
Short EURUSD 20181101(1) Eliott Wave Count
(2) Megaphone pattern around major resistance
(3) Breaking the consolidation would mean further price drop due
EURO LONG - HNS Formation- Possible head and shoulders forming
- RSI had mean fakeout
- Will watch this one unfold
Stop @ 1.13270
EURUSD. Possible map. Second leg of a pullbackI think that current pullback is still in progress.
The wave C is pending and here I would like to focus your attention on the yellow trendline,
which acted as a support and now turned to be a resistance.
The wave A of a pullback reversed right at the trendline.
So the wave C could also retest this trendline and hit between 61.8 and 78.6 Fibonacci retracement
After completing the whole pullback there is a chance for EURUSD to dip down to 1.08 area to finish the large retracement.
EURUSD. Short setup. Risk/Reward 2.72The idea is that the complex correction could unfold lower to hit 61.8-78.6% Fibonacci of the previous large impulse.
The last leg of the linking correction ABC looks done.
Entry current
Stop 1.1646
Target 1.1446 (although it could drop much lower if second leg will exceed by size the earlier one)
EURUSD. Long setup. R/R = 6.45Entry current (1.1663)
Stop 1.1635
Take profit 1.1845
Risk/reward = 6.45.
EURUSD. Sell setup. R/R = 4.86It was wise decision to avoid selling eurusd on the earlier idea as I cancelled the setup.
The price almost reached the earlier top and reversed down there.
Entry - current
Stop - 1.1755 (above earlier top)
Take profit - 1.1310 (ahead of earlier bottom).
EURUSD. Short-term trade setup. Risk/Reward = 2.77EURUSD finishes its correction before another impulse down, which should retest the earlier low at the 1.1301.
I believe in magic power of the trends and think that soon the pair would reverse ahead of the upside resistance.
The wave C=A around 1.1485, which is beyond the uptrend.
It is a wave 4 of the last wave (5) of ((A)) down (see related).
It entered the area of the previous wave 4 of the lower degree and its a healthy sign.
Entry area 1.1460+/-
Stop above 1.1516 (above 61.8% Fibonacci retracement of wave 3)
Conservative take profit 1.1310 - above earlier low but we can adjust it later as wave 5 could drop even lower not just tag the earlier low.
Risk/reward 2.77
This is a tactical chart, I will add 4H chart to expand the view in the comment section.
Venta en 6ELa idea está como pública asi que no muestro el análisis completo en el gráfico, pero sirve de referencia para quienes conocen la metodología.
La entrada ya dio casi 30 ticks como para tomar target. Espero que alguien la haya tomado.
En la semana publico alguna de las zonas que estoy esperando para tomar. Saludos!
