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donaldsaw
Nov 15, 2017 12:28 AM

EURUSD - Still showing bullish signs! Long

Euro Fx/U.S. DollarFXCM

Description

Hi All,

Self-explainatory and my bias is towards EUR being bull.

This year has been completely EUR dominance and I don't suspect anything to change unless US goes to war with Nth Korea or if Trump gets impeached (ahhhh - that would be amazing)

Happy Trading!

Comment

Wave (ii) of 5 looks complete so looking for a retracement of wave (ii) to around 0.618% the will be going long.

Comment

Hi All,

I still think we're still in the corrective wave and USD has more downside down towards the 0.618% and the only possible count I can see is as follows.

Comment

Looking good with the count and making some pips.

WXY looks complete so going long now with about 400+ pips to gain if this coun is right!



Happy trading!

Comment

EUR has been an interesting and I think it is time for a big USD buyback.

I have on over my previous count and I am more inclined to say the impulse up has finished as I have spotted and ending diagonal wave 5.

So next, I am looking for more entries to the downside for a big ride down!

Comments
mohamed.inv.50
thanks alot , please can you help me learn wave analysis - any sources or books how to practice and make sure i am on the right way
donaldsaw
@MohamEd.inv.50, Buy yourself the 'Elliott Wave Principle: Key to Market Behavior' book, read it, study it, and practice counting. Also, invest in Motivewave software as Tradingview is useless for EW counting!
mohamed.inv.50
@donaldsaw, thanks
ShezanShani
Simply beautiful :agree:
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