EURUSD-(L-S)Update11-Waiting for Most Exciting Wave-Aren't You?

L-S.....Long First & Short Later......As per previous update.. we took a sell call in the zone 1.1010--1.1020 with strict stop above 1.1040..EU slipped from that zone only marginally making a low@1.0961...post that there was a sharp rise crossing above 1.1040....

Earlier also I was looking out for a deeper wave ii--which never happened but currently taking place...it could run in the zone of 80% to 88.6% of the fall from 1.1165 to 1.0981-where our 1st wave got over...

currently this ii-wave --I have taken it as a-b-c wave ...c-wave is currently running into its 4th wave internally...current rate-1.1093...(21:15 Hrs--IST--28th July 2016)....I am looking for a push into 1.1130--1.1150's where it will get retraced by 80%--88.6% of the fall from 1.1165 to 1.0981......

Then ...our wait for most exciting wave ends...so don't miss--the golden opportunity of taking short--risk would be +5 ticks above 1.1165 as stop once we get a push from current levels of 1.1093....shall be looking for 1.0850 target where iii-wave shall equal 161.8% of i-wave---

Regards,
Abhishek H.Singh, CMT

Trade active:

14:45 Hrs--IST--29th July 2016----Euro Starts Up...Current Price -1.1101,....Regards, Abhishek

Trade active:

19:20 Hrs--IST--29th July 2016--- EU jumped from 1.1080--1.1090's yesterday to target zone 1.1030--1.1050...Made a session high@1.1067...unfortunately it has crossed the high of 1.1165...So we cannot short currently but keep a eye for the swing high@1.1187...Keeping that stop +1 tick above...to take short position once you get bearish confirmation...

Comment:

19:20 Hrs--IST--29th July 2016-- Sorry for Typing Error---"Target Zone--1.1130--1.1150"

Trade active:

20:30 Hrs--IST--29th July 2016 ---Current Price--1.1192--- 5th wave is extending....big time from 1.1075's yesterday.....