Wave 1 looks to be complete and the Euro is now retracing wave 2 in a zig zag a-b-c within the typical .382 - 618 % fib. The Euro will often be attracted to and rejected from "the big figure". In this case 1.3500 so I'm hoping that is the case again. I'm looking to short @ 1.3495 but, be prepared to stop out and reenter as wave 2 will sometimes retrace 100% of wave 1. (Not a pip more however or this analysis is wrong) {And if wave a should equal c at that point would add more weight to the entry point| What the b wave does will be most telling !
Comments
dojitrader
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Ideal ? As suspected wave b tells the story and in this case is almost non existent. Stopped out, yes. I'm looking at re entry
@ 1.3548 where a = c. Or perhaps the candlesticks will tell me to wait until a test/double top possibilities. Good Luck !
@ 1.3548 where a = c. Or perhaps the candlesticks will tell me to wait until a test/double top possibilities. Good Luck !