CapMoore

CapMoore

EurUsd loves the 50% fib level. This Butterfly has X=B with 50% C.

CapMoore

Long term short Eur/Usd as long as 1,3830 is intact. Waves down as described. I will post entry zones and intermediary waves to describe strategies of entering in a forthcoming post.

CapMoore

The initial drop from 1,3816 marks the first impulse in a new downtrend according to my analysis, since the correction phase in previous finished large downtrend is completed. My analysis contains three waves. All three waves are extracted with fib levels from the first initial wave, called x2.