(T) EURUSD - Wave (C) Now? Predicted 5 Months Ago. Today...BAM!

FX:EURUSD   Euro / U.S. Dollar
4291 65
BAM! How'd 'you like that? Did I call it or what? And this is just the beginning! What am I talking about? This....

On 11/22, 12 days ago, I posted this chart where I was saying EURUSD was "Setting Up For A Nice Move" up. Did I call it or what?

In that post, I said this:
"The way I see it,, is that this pair is looking to bust it's way up!" and "the thing to pay attention to most if the possible completion of the POTENTIAL Bat @1.06102"

Well, as if on call, after I posted that, the POTENTIAL Bat got filled and shortly after that, a POTENTIAL Crab #1 also got filled in short order. And then after waiting another few days while prices just kept consolidating at that level, today POW! BAM! KAPLOOEY! Fireworks! In one day, it SHOT up +370 pips!

Now who saw that coming? I did ! And I called it 12 days ago! How many of those "fundamental" guys called it? Oh, right. They were still screaming SELL! SELL! SELL! At least the trolls who were banging away at my posts were saying so. Where are they now? Probably hiding away in a corner somewhere trying to come up with some justification why prices did this and why they weren't wrong.

So what are we looking at here. What is going to happen now? First, let take you back to July 12th, 5 months ago. Back then I posted this chart:

In that chart, I was showing that this pair was in a corrective pattern that was going to be unfolding in a ABC Zigzag pattern and that at that time, we were in a wave (B) down. My chart had hinted that prices would get down to around the 1.07's. Well, prices actually dropped quite a bit more than I thought into the 1.05's but the idea was correct. That prices were to drop in a wave (B) before moving up MASSIVELY in a wave (C). And that is where we are now. The beginning of the wave (C) up.

Here's the current DAILY CHART . Click on it to get some descriptions:
.png' src='/static/images/svg/idea-image-placeholder.svg' alt='EURUSD DAILY Chart - December 2015' class="js-image-lazy-load">

In my post 12 days ago, I mentioned that prices were in an ending diagonal pattern and that the pattern was complete. I was a little bit early with that prediction but overall, I was correct. That ED ended today and we got an EXPLOSION out of it into the new wave (C) up. This ED ended the wave (B) down right at the . 886 retracement of wave (A) in the .886 level of the G-ZONE. The highest probability reversal level of he G-Zone.

In this 4Hr chart, there is a COMPLETED Cypher . This cypher could be signaling a retrace on the HUGE spike up yesterday. Please see the DAILY chart above for more on the DAILY patterns.

With today's NFP looming, it is difficult to say what is going to happen. So I am basically in a holding pattern. Most likely, we will be seeing some kind of retrace on this spike occurring but with the NFP coming, anything is possible. Even ANOTHER 300 pip spike up! Or down! Awww, heck. Who knows?
eurusd just broke its 4 hr down trend now uptrend resume likely to retest 1.0981 then possibly towards 1.11
Wow Amazing! I missed this. Am totally new so have no idea how this works. But amazed to see you predicted the rise when none saw it.
tjnrs tjnrs
Am stuck with 2 buys at 1.10 and one sell at 1.06. I have 2 more sells at 1.07. Wish I had closed all 3 sells on Friday. Wish I had read this report before. Now, anything which helps closing will greatly help. Any chance of dramatic rise or steep fall any day this week? When EUR possibly go down 1.06? When possibly go above 1.1? Many thanks.
Sorry to hear that. I can't tell you for sure what is going to happen. I can only give a best prediction. There is more upside to go on this pair. Will it go up from here or will it continue to retrace more before heading up again? That is what everyone wants to know. I don't have the answer to that either. For me, if I was caught in the losing positions as you are right now, I would just admit to being wrong and close everything, take the losses and start over again with fresh analysis. One thing you should never do as a trader is to hold on to positions HOPING prices come back to bail you out. Before you enter any trade, you always should have a trading plan of when you are getting out. Whether if its' your stops or take profit levels, you have to have those prior to taking a trade. And NEVER move your stops unless it is to protect profits.
+2 Reply
tjnrs EverythingForex
Thankyou. Unfortunately I have no money to start again. I put in my lifetime savings. Now am stuck. When the first 2 buy deals were going badly negative, I wanted to close them but my account manager would not allow me to do so. Instead when my equity fell drastically, he asked me to put sell deals to balance the negative buy deals. I know nothing about forex, hence assumed he knows best. I do not think forex is for everyone. I was close to having an heart attack 3 weeks back. I have pre-existing health issues. Now I just want my money back. I have two lovely young children to care for. I want to stay alive for them.
Again, sorry to hear that. Forex is definitely not for everyone. Especially not for those that are depending on what money they have to support themselves and their family. It is too easy to lose money in this game. I don't know what kind of "account manager" you have but it seems to me he is only out to make money from you and not for you. I've never heard of any account manager who would not allow me to close your positions! Trading is hard enough to do when you have a clear mind much less a confused one. But when you add in the fact that you are counting on the money to feed your family, you really cannot trade well because your mind is overwhelmed with emotions. In your case, best to close your account, get what money back that is left and just wait until such time as you can afford to trade without fear of losing the money. Good luck.
+2 Reply
Josphat89 EverythingForex
Thats true
nice call.
I know nothing about your patterns and why you do that but the direction is down
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