kniedoborski
Short

EURUSD 4H - Elliot Wave

FX:EURUSD   Euro / U.S. Dollar
Elliot Wave Analysis - Published 02.08.2016

We're seeing a pullback to the 61.8 fib retracement and 23.6 fib of the previous impulse, while being overbought on the RSI .
Comment: We have seen a steep decline since the price bounched of the 61.8 fib as expected. I see further downside even through we have a couple of high news days.
have a similar set up for short term but see big potential for a long play at the end of the short. Overall bullish on this pair.
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kniedoborski nicholasjamestobin
I think we are in a big sideways trend and in the end it's up to the FED, which way we'll break out. For now I just trade the price action.
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yes this what I saw, my entry price is 1.12322
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kniedoborski derekvela
That couldn't be more spot on!
+1 Reply
Great charts and think you,i totally agree with you
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Looks spot on.
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Looks spot on.
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Looks spot on. A minor tip: Use MACD to spot the waves easier.
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Boumrah kniedoborski
There's a bearish divergence on the EWO
snapshot
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I don't do that small divergences. The prob (%) are way to low.
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