EURUSD Wave C up.

FX_IDC:EURUSD   Euro / U.S. Dollar
H4 I'm looking to buy the wave C up after the internal regular flat correction is over.

The internal wave C down may not be over so caution needed, M30 may still give Z down.
M30 Chart.

Start looking for your buy setups.

Good luck and trade safe!

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Nov 07
Comment: If you got a buy setup (I took M5 TL break), move to BE. I still cant rule out M30 Z down. If your not in the trade be patient and wait for a flag to confirm more upside.
M5 Chart.
Nov 07
Comment: So the M30 played out and we are getting the Z down as I suspected we would, this should give us bullish divergence on M30 and we now have a down trend with price at the 161.8fib extension. Wait for TL break and bull flag before giving the H4 C buy up a go.
M30 Chart.

Good luck and trade safe.
Nov 08
Comment: Quick update, M30 still looking bearish and we don't have any buy setup that I can see at this stage. I would like to see price break TL then give the buy setup.
M30 Chart.
Nov 10
Comment: Were still in M30 Z down, I'm looking for something like this to form next week for the buy.
M30 Chart.
Nov 14
Comment: H1 we have bullish divergence and TL break.
M15 looks like were getting a correction as a running or expanding flat, look for your buy setup's.
Nov 15
Comment: Well if your in the buy I think it's a good idea to move to BE, possible bear divergence forming on M15.
Nov 17
Comment: H4 target is the 100fib.
Nov 18
Comment: M15 We have no bearish divergence so I'm expecting a Z up. I'm looking for the correction and we currently have a few options how price can play out from here.
1st Were still in wave Y and correction hasn't started, there is no confirmation wave Y is over at this stage.
2nd Were going to get a spike down giving either a running or expanding flat correction.
I will update once I have more data.
M15 Chart.
Nov 19
Comment: So we got 5 waves up on M15 and were starting the larger correction, what the corrective structure will become is anyone's guess at this stage. I will update the idea once I have more data.
M15 Chart.
Nov 20
Comment: EURUSD H1 C Wave Up, checkout the idea to get the complete picture thank's!
If the correction continues to 68% which seems possible (considering the rectangle at top with double tops) that would be the best entrance ever on eurusd. So 1.0980 is an entry point with 50 pips s.l and 200 pips take profit. I am looking forward to it
+1 Reply
Boon2 TomorrowPapers
@TomorrowPapers, Yes everyone has a different system for entries and exits ect. but I wouldn't just blindly jump in on a fib level especially when we don't have bullish divergence on H4 and H1 within the correction. I think the safest way to trade this is wait for the M30 Z wave to be complete then impulse up and bull flag for confirmation of more upside, this way even though you may get a worse entry level the trade is more inclined to go you direction to at least get you to BE if you get my drift. Here's what I'll be looking for.
@Boon2, I like the “price action” attitude in your opinions
+1 Reply
Boon2 TomorrowPapers
@TomorrowPapers, Cheers, I just hope more people get it.
@Boon2, The entry point worked well, although we had to manually trigger the position at 1.1010 as the entry point was missed by 9 pips. what do you think about the profit now? Any updates?
Boon2 TomorrowPapers
@TomorrowPapers, I just updated the idea, My target is the 100fib and anyone in the trade off the M15 flat I expected should be at BE.
Wait for the M30 TL break and bull flag before looking for the buy!
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