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$EURUSD Wolfe Wave, Eyeing Point 5Hello Traders,
Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete.
If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND hit the 5' line off of point 3 look for an exit at Geo's Off-Set rule at point 4.
-Chartistry
EUR/USD Buy Set Up @ 1.11 PullbackA buy set up is now in motion. Once price pulls back towards 1.11 and selling becomes exhausted price is then likely to begin rising towards the previous highs around 1.14.
I am seeking a buy entry on a 4HR candle around the 1.11 once price action presents a signal candle.
EUROUSD ON THE DAILY LONGHello again,
Here is my analysis on this pair again I am still learning to we shall how this plays out when some news/information is released over the next couple of days as the dollar could get weaker.
As always I welcome feedback good or bad to help me with my trading journey before going LIVE
EURUSD MAYBE LONG ON THE DAILY (NO TRADE TAKEN)Hello again,
Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar.
Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
A better chance?The Euro blew through our watch area without triggering but rebounded late during the Friday session. We wanted to be long by now but we are not. There is a lot monetary news events out of Europe this week so we will be cautious of our positions. For now, we want to look for a trigger long (which may happen over night so get the coffee brewing) down to our watch area. If we are fortunate enough to get long and have a break out Monday then we can manage the trade into the news events. If not then we will flatten all positions before the events. NO TRIGGER, NO TRADE!
Multitude of outcomes possible !Right now there is too much going on, I recommend stay out for today and tomorrow (if you are lucky and dont have any positions) and see what gets confirmed
for one side we have the up trend which is on wave 4/5 of elliot although its a bit too much retractment for my like (nothing that we havent seen before) if the pair can retake the 1,1471 then the 1,16-17 will be back in sight for another revisit.
on the bearish side this latest rejection of the 1,17 area may means something, we could be on wave 1 of a fresh bearish elliot wave but this has to be confirmed by the pair not going any higher than 1,14 (ish) this would confirm the retractment and then we can say that wave 3/5 would take us right down to the 1,1050-1100 area!! in that case, we could unlock a further downside movement for ends of september after the China turmoil calms down.
we can also see a ranging period (couldnt add this onto the chart... too much going on) and stay in between 1,11 and 1,14 until the situation in the markets gets clearer, this could happen by the investor preassure and the central banks fighting to contain the bleeding markets by easing and easing...
as I said... nothing is yet confirmed so stay out, get your Pj's on, put a movie and have a good pizza because we have to stay out for now
*******remember I am NOT telling you to buy/sell, its only your responsability what you do with my charts. I am not responsible of anybody's acts*********