glennmercer
Long

EURUSD Long: A second Entry at Triangle Completion

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
EURUSD             is nearing the completion of wave-(e) of a possible contracting triangle that could mark the end of wave-(2) before the three-of-C breakout. Entry at AB=CD inside of wave-(e) is confluent with the completion of a bullish cypher and may act as a catalyst for the bullish impulse. Long term target is placed at A=C. It is possible that another rebound off of the top of the triangle could occur, but we would avoid our SL as price would remain inside of the contracting triangle and the breakout would likely occur soon after.
a year ago
Comment: First bullish entry:
Long EURUSD: Potential Rally Through (iii)-of-C
a year ago
Trade active
a year ago
Trade closed: stop reached: ECB announcement calls for a recount
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krescht PRO
a year ago
Great work
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glennmercer PRO krescht
a year ago
Thank you
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khaled.gaad
a year ago
agreeing with your forecast as long as 1.0850 is intact, waiting the ECB
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glennmercer PRO khaled.gaad
a year ago
Always good to wait for big news to pass before entering a position. Yes, the SL is 1.085 which is the count invalidation level.
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jamiejudgie
a year ago
Please have a look at my wave count, playing out as expected so far!

snapshot
+1 Reply
glennmercer PRO jamiejudgie
a year ago
Nice job mate I'll dig into this a little deeper later on today.
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