EURUSD: AB=CD move and pulls back to 0.618

FX:EURUSD   Euro / U.S. Dollar
3221 25 51
AB=CD move
together with 0.618 pull back.
Short Eurusd             now and Aim
SL: 1.0920
To lean Jack's Full Trading System:
Weechat ID: 32114564
hovedguy arif_awan
hmmm.... rainbow in the sky ;)
0953 had to be hit before we could go down. Cheers
i think price will bounce on the 88.60% level
This is what i got
what do you think
Tecnologia_Financiera Tecnologia_Financiera
It may reach 1.09743 again but I have the Fib retracement of wave E of D at 0.764 which is 1.0935; which is what happened with AUDUSD. However, wave E can often retrace up to 90% of wave D which is the price you mentioned so both are possibilities. Either way, all that means is an additional 40pip to your SL if you enter at 1.0935.
+1 Reply
jhakas donaldsaw
for now.. i only look for buy setups.. and sell only from 1.097 area...
jhakas donaldsaw
eu is in dam conslidation.. price lagging going down.. so eu everytime falls hard from close to 1.098 and close to 1.08 it always remain on buy side.. so a good range to play buy and sell...
To me i think eu will soon go 1.09743 again.. and from there i think it will go for sell..
Thanks and good luck to you too..

Just to add as well, I saw this happen on the AUDUSD and it looks like a very similar trade and set up but this trade I missed which was annoying.

+1 Reply
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