leszekstanislaw
Long

EURUSD - correction(s) completed

FX:EURUSD   Euro Fx/U.S. Dollar
Hi All,
This idea is based on YuzukiChan's idea (thank you vey much!). Agree with Elliot waves structure - we had 5 waves impulse, then we had abc correction, now we starter impulse and withing this we had smaller correction impulse.

Targets are
  • 1st - little below last top (this is also 127.1% of fibo extenstion from small correction move) (RR - ca             7.5
  • 2nd - supposing price broke S/R zone - 161.8% this small correction
  • 3rd - this is going to be too lucky, but 127.1% of bigger correction

Legend:
  • Green lines - impulses,
  • Red lines - corrections.
  • Grey areas - S/R zones.
it is going slowly up. Let us see what's next.... ;)
Reply
this is not entirely correct..your labeling is good up to 5.27.15 but abc correction is still in process..we are in b'wave of this abc correction for that last green up impulse you drew
Reply
i think that the euro need to jump around 11850 and then Complete right shoulder to 109300
Reply
leszekstanislaw PRO PooyaSalehipour
Hi! Interesting. Do you mean something like this?
snapshot
+1 Reply
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