EUR/USD – That was only the fist act
Hello,
The currency pair EUR/USD does exactly what it should: it completes the fist part of the huge correction that has begun at 1.2553$. After the fist part it follows a second part: the movement against this trend. The tournaround starts in my green tradingbox you can see in the chart, I suppose (ideally at 1.1200$).
In Elliott-Wave-Speech…
That means that wave A comes to its end in the green tradingbox (ideally at 1.1200$ / We are in the final wave 5 of A). From there we have a good chance to earn some Dollars when trading wave B, which ideally ends at 1.1960$. And from there we hopefully see the next turn from wave B to the final wave C. Wave C could easily lead us to parity, but this we have to decide later on.
I will adjust my tradingboxes, if the market gives me reason to do so.
Please leave a comment or a message, if you have any questions!
Take care
tgo
The currency pair EUR/USD does exactly what it should: it completes the fist part of the huge correction that has begun at 1.2553$. After the fist part it follows a second part: the movement against this trend. The tournaround starts in my green tradingbox you can see in the chart, I suppose (ideally at 1.1200$).
In Elliott-Wave-Speech…
That means that wave A comes to its end in the green tradingbox (ideally at 1.1200$ / We are in the final wave 5 of A). From there we have a good chance to earn some Dollars when trading wave B, which ideally ends at 1.1960$. And from there we hopefully see the next turn from wave B to the final wave C. Wave C could easily lead us to parity, but this we have to decide later on.
I will adjust my tradingboxes, if the market gives me reason to do so.
Please leave a comment or a message, if you have any questions!
Take care
tgo
Trade active:
Hello,
what a phantastic reversal started at 1.13000!
I hope that some of you followed my advise to buy in my green box. If not, we will look for another entry point. EUR/USD will come back soon (wave 2 or b).
Update long
Entry: 1.13280
1. Stop: 1.11299
2. Stop: 1.13280
3. Stop: 1.13460
Take care,
tgo
what a phantastic reversal started at 1.13000!
I hope that some of you followed my advise to buy in my green box. If not, we will look for another entry point. EUR/USD will come back soon (wave 2 or b).
Update long
Entry: 1.13280
1. Stop: 1.11299
2. Stop: 1.13280
3. Stop: 1.13460
Take care,
tgo
Trade active:
Hello everybody,
EUR/USD has built a fantastic impulsive wave upwards to complete wave A of B. I will post more updates when I can estimate where wave B of B will end most likely to start another longrun (wave C of B).
But remember: when EUR/USD completes this final wave B (in the red box), there will be a good chance for us to run a longer short to parity maybe. But this we have to decide later on, when we see more market movements to analyze.
Where we are standing?
I set my stop at 1.14900.
Take care,
tgo
EUR/USD has built a fantastic impulsive wave upwards to complete wave A of B. I will post more updates when I can estimate where wave B of B will end most likely to start another longrun (wave C of B).
But remember: when EUR/USD completes this final wave B (in the red box), there will be a good chance for us to run a longer short to parity maybe. But this we have to decide later on, when we see more market movements to analyze.
Where we are standing?
I set my stop at 1.14900.
Take care,
tgo
Trade active:
Hello everyone,
fully in the plan... It is possible that wave A is ending now, but I think there is a little space left.
Entry: 1.13280
1. Stop: 1.11299
2. Stop: 1.13280
3. Stop: 1.13460
4. Stop: 1.15930
Take care,
tgo
fully in the plan... It is possible that wave A is ending now, but I think there is a little space left.
Entry: 1.13280
1. Stop: 1.11299
2. Stop: 1.13280
3. Stop: 1.13460
4. Stop: 1.15930
tgo
Trade closed manually:
Hello everyone,
my first assessment was absolutely right, my second not: I thought there is little space left for wave 5 of A to complete - there wasn't. So, I decided to close my longposition.
End result long
Entry: 1.13280
1. Stop: 1.11299
2. Stop: 1.13280
3. Stop: 1.13460
4. Stop: 1.15930
Exit: 1.17012
Profit: 0,03732 (3.732 pips)
Now it depends on the market, if it is building wave B of B, and if how deep it will go. I will post more updates soon.
Take care,
tgo
my first assessment was absolutely right, my second not: I thought there is little space left for wave 5 of A to complete - there wasn't. So, I decided to close my longposition.
End result long
Entry: 1.13280
1. Stop: 1.11299
2. Stop: 1.13280
3. Stop: 1.13460
4. Stop: 1.15930
Exit: 1.17012
Profit: 0,03732 (3.732 pips)
Now it depends on the market, if it is building wave B of B, and if how deep it will go. I will post more updates soon.
Take care,
tgo
HK-Capital-Management
