Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623. Reason for the trading strategy (technically): With the break of our long term ascending support-turned-resistance line, we turn bearish below 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent...
if PRZ box were broken, A wave then skip directly drop the options to the wave B and C
EURUSD Trading on Double ZIG ZAG pattern. First zig zag completed on AUG 2015 and wave X completed on DEC 2015. At now eurusd traded on second ABC pattern. Expecting this wave completed on MAY or JULY 2017. After that EURUSD fell to parity.
What more can you ask for the start of 2016? We have a possible Bat and Triangle completion of a second wave correction of a higher degree. Some might count this whole triangle as a B wave correction. Nevertheless its a correction of an up move and a clear wave formation. So we are looking for the next impulse to the upside. This gives us the chance for a pin...