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kniedoborski
Aug 2, 2016 7:58 AM

EURUSD 4H - Elliot Wave  Short

FX:EURUSD240
Euro Fx/U.S. DollarFXCM

Description

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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

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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.
eurusdshortEURUSDElliott Waveelliottwaveprojectionforextradingfxspekulanter
Comments
nicholasjamestobin
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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.
kniedoborski
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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.
derekvela
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yes this what I saw, my entry price is 1.12322
kniedoborski
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That couldn't be more spot on!
Boumrah
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Great charts and think you,i totally agree with you
kniedoborski
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Looks spot on.
kniedoborski
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Looks spot on.
kniedoborski
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Looks spot on. A minor tip: Use MACD to spot the waves easier.
Boumrah
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There's a bearish divergence on the EWO
kniedoborski
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I don't do that small divergences. The prob (%) are way to low.
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