FX:EURUSD   Euro Fx/U.S. Dollar
2499 12 149
Please click on the previous post pinned in the chart.

Same as in the USDOLLAR             I posted, wait for confirmation before you buy.
Possible one more leg down.

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When i analyze the Dax ,it could bounce from present bottom,therefor Euro has to drop to point e.A jump to point (C) should pull the europe indices down again by end of september,and thats what i also expect .Great chart.
we will see what the price is going to do .
Regardless of the strong bullish swing, come Monday, I'm heavily bearish on EU. Trendline resistance is one reason. Two patterns seem to have completed right at the trendline. Namely Bat and Butterfly on H4. Great analogy.
Like your work but gotta say the abcde is not valid for a contracting triangle since wave c went below the low of wave a, unless you count it as an expanding triangle where wave d has to go above the wave b high. I completely agree with the abc count. Good luck !
Yes,not a contracting triangle and there are numerous possibilities as it develops ,wxy, etc. So i am not putting much accent on the count been correct just that more consolidation is possible .
+5 Reply
Did you mean in the balloon: 'If does not consolidate, it could make one more DOWN leg'?
+2 Reply
Anil. Could you plz tell us how we know the confirmation of break in to enter the trade with out missing the move ?
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Target for EUR/USD long?
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Nice chart. I am glad if you see my idea and comment for me.
Euro in the mirror
Hi! Anil,
Any update on this graph.. did we achieve the (c) wave Target .. and we going down for the 5th wave? or still u think we can see higher.
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+1 Reply
bilk29 anilmangal
Thank you anilmangal You are wery guud realy profosyanel.you are for me profesör..
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