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ernstschwarz
Feb 9, 2017 11:41 PM

EURGBP soon to go for UP Long

Euro Fx/British PoundFXCM

Description

my time projection gives me an additional clue that a change of direction at the red vertical line is in the making.

i look at the corrective structure as one that may likely prepare the way for up move.

it is likely that the already saw the first whole move down in that corrective structure (you may call it A to B wave + B to C) and now up (light blue arrow scenario)

another scenario is that we only hat the A to B and again measure the 1.272 extention of A to B down and then up.

let a flag above the correction's trendline confirm your long / buy entry.

in any case your stop should be below the lower ascending longerterm trendline to be save for this long idea in general.

target may be around 0.90

(this is not a trade call. you are responsible for what you do. dont risk more than 2% of your trading account's money for your stoploss!)

good luck!

Comment

See how good the "6" time projection worked in the past

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another old example

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and one more! yiiha!

Order cancelled

this is droppign like a stone so my idea is not much valid anymore
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ernstschwarz
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