Continuation EG Long

Euro Fx/British PoundFXCM

Description

⋅ Jan 10, 2017 5:50 PM

This has to start dropping in the next 30 minutes or so otherwise the wave count will be invalidated and we will have to look for a new 5 wave move.

Order cancelled

⋅ Jan 10, 2017 6:42 PM

Comment

⋅ Jan 10, 2017 11:30 PM

new wave count

Comment

⋅ Jan 13, 2017 12:21 AM

i'm going to close this at 0.87478 now. 5 waves up

Comments

CharlesTrader

⋅ Jan 11, 2017 7:14 AM

WELCOME BACK, YOU HAVE BEEN GONE....

apemaja57

⋅ Jan 10, 2017 6:56 PM

short

rsam

⋅ Jan 10, 2017 6:23 PM

Is this invalidated then, since it didn't complete D leg?

riskmode

⋅ Jan 10, 2017 6:42 PM

@rsam, I would say yes as it went sideways instead of down. maybe there will be another 5 wave move that appears later that we can buy.

rsam

⋅ Jan 10, 2017 7:33 PM

thank you @riskmode, gutted :-(

riskmode

⋅ Jan 10, 2017 9:55 PM

@rsam, it looks like a new 5 wave move forming on the 15m. we are in 3 right now

rsam

⋅ Jan 10, 2017 10:12 PM

thanks @riskmode, it's good to have company if going long on EURGBP - a majority seem to be shorting and it's dropping, but my numbers/analysis goes to the contrary, and I'm trying to not go short :-)