AbhishekHSinghCMT
Short

EURUSD-WEDGE ACTION PART-4 (DON'T MISS LETHAL COMBO)

FX:EURUSD   Euro Fx/U.S. Dollar
68 0 4
4 months ago
EURUSD- WEDGE ACTION PART-4 (DON'T MISS THIS OPPORTUNITY)...

As per the 5th July 2016 update -"EURUSD-let us be ready with wedge action"--the fall started@1.1186 ...ended @1.1029--I took it as 1st Wave (Red Colour)--then we had irregular shape A1-B1-C1...(B1-C1) was very volatile on account of nfp data released on 8th July 2016...A1-B1-C1 gave us W-Wave ...then we had a fall which made a low (higher low as compared to B1 low) ..I took it as X-Wave(Connector Wave)...whose low was 1.1015( this figure has been very frequent in my last few updates)...EU bounced in small green A-wave ...before Green B-wave could even start...we picked up EU in the range 1.1035--1.1045 ..fortunately 1.1035 became low point for B-wave...kissed the target 1.1125 completing green C-wave(90-100 pips were made in green B-C wave)..which completed Blue A2-Wave...then it started falling....in between Blue A2-B2 wave somewhere @1.1070-1.1080's...I warned not to take short unless EU breaks 1.1015 & 1.1000...Bang On..EU bounced from same 1.1035--1.1045 zone (I can't believe)..Currently ..we are moving in C2(Blue Wave)...current price is 1.1110...its 23:45 Hrs IST...I am expecting a thrust possibly to touch 1.1140--1.1160 zone ....since 5th July 2016--9 trading days have gone..today is 13th July 2016...If EU comes close to 1.1185--1.1188 zone ...that is very important resistance keeping 2 -5 ticks above 1.1188 -Top --we should take short in EU to lose 30-40 pips but gain could be huge...huge...or safe traders should wait for EU not to breach 1.1188 & starts moving back below 1.1100 --shown by blue dotted line should take short--this time to break 1.1015 & 1.1100--Waiting for 3rd of 3rd wave...Don't Miss The lethal Combination A1-B1-C1(W-Wave)---X-Wave---A2-B2-C2(Y-Wave)....Targets could be 1.0710--1.0725 below 1.1000...

Current Price--1.1110...wait for thrust till the zone 1.1145--1.1160...should not go above 1.1188...flip your position to shorts keeping 2-5 ticks stop above 1.1188 resistance..for risky traders & safe traders can take short once 1.1100 level gives away...

Regards, Abhishek H.Singh, CMT
4 months ago
Trade active: 01:02 Hrs--IST--14th July 2016---We are waiting for upside movement first...current price 1.11004...1st it should move up ...then going below 1.1100 area ---safe traders to take short....Risky & Agressive Traders to take short very close to 1.1185--1.1188 ...Resistance zone...Keeping in mind 1.1188 should not be breached on upside. Regards, Abhishek
4 months ago
Trade active: 13:00 Hrs--IST--14th July 2016--Looks like EU has topped in the zone 1.1120--1.1130 & made session high@1.1129...as compared to expected zone 1.1145--1.1165...Still waiting for some confirmations that we have topped at 1.1129. Regards, Abhishek
4 months ago
Trade active: 13:40 Hrs--IST--14th July 2016---A2--C2....forming double top in the zone 1.1126--1.1129...Keep looking left & playing right....Regards, Abhishek
4 months ago
Trade active: 19:00 Hrs-IST--14th July 2016--EU never dipped below 1.1090 for us to take short as per 15:00 Hrs Recent Update.....But I have been telling this for long time that if EU comes close to 1.1188...which it did by making a high@1.1164...Our risk reward shall be excellent...as we shall lose only 25-30 pips...going above 1.1188 shall violate the structure....& Can enjoy shorts...Current Price--1.1102......Regards, Abhishek
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
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