If level 1.1015 ...& 1.1000 is breached we should likely see an impulsive leg down...which could be 3rd of 3rd Wave ....Red Wave 2?...is made of W-X-Y combination which took 9 trading days ---proposed top for Red Wave 2? shall be 1.1145--1.1165 zone...most important 1.1188 should not be broken in any circumstance...if EU has to move down...so, let us wait & watch...have proper risk management..& Trade carefully...
Regards, Abhishek H.Singh, CMT
Trade active
⋅
13:00 Hrs-14th July 2016--Looks like EU has topped in the zone 1.1120--1.1130...Session High was 1.1129...Regards, Abhishek
Comment
⋅
19:00 Hrs-IST--14th July 2016--EU never dipped below 1.1090 for us to take short as per 15:00 Hrs Update.....But I have been telling this for long time that if EU comes close to 1.1188...which it did by making a high@1.1164...Our risk reward shall be excellent...as we shall lose only 25-30 pips...going above 1.1188 shall violate the structure....Regards
Trade active
⋅
19:10 Hrs-IST-14th July 2016-- Current Price -1.1105....If you missed to take short very close to 1.1188...EU made recent high@1.1164...Don't worry...Market will give you a chance again to go short...may be between 1.1135-1.1145....Keep a stop above 1.1188(Crucial Resistance)...Regards, Abhishek