Short EURUSD : Target Below Wave 3 (1.04599 ) - towards parity in coming months !!
Wave 2 follows abc correction which is about to end at 1.13084 or just below !!
DXY already Updated - Same count there as well !!!
SL : Remains at Wave 4 or Point C - recent high ( 1.14576 ) At this point our wave count would be wrong !!
Comments
AnbHfund
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JohnLaw
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If this works out as you anticipate (namely, now awaiting the 3rd of a 3rd = destructive wave) .... my short position is gonna fly Let's await the blood bath ;-)
AnbHfund
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same here !!
JohnLaw
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one thing to watch for (alternatively) : the upward trend line - if you'd see a completed 5-wave there (1 of wave 3 of wave 5 weekly down), there might also be an intermediate upswing (wave 2 of wave 3 of wave 5 weekly down), to move withing the large triangle some folks are talking about in chat. Only to then/thereafter to break that triangle again - to the downside - for wave 3 of wave 3 of wave 5 weekly (supposedly the strongest one, would fit in a picture of a triangle break). Time will tell of course, that's the great thing of it all :)
AnbHfund
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got u !! yup Time will Tell !!
AnbHfund
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Here comes the blood bath !! Hold positions for more downside in eu !!!
JohnLaw
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Approx 1.1080 level holding so far - now suppose some H&S would now be forming (suppose..) then note: the standard measurement techniques for H&S would bring the next down swing (break after some consolidation in the right shoulder) well... pretty much into your "III" target :)
But we don't want a 3, we want a 5 ! :) I was short, and I remain short.
AnbHfund
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change in count !! hope eu follow this !!
AnbHfund
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We are not sure about down movement in eu looks like it can break upside 70:30 chances for eu to break upside !!
Wait for now to enter any position on eu !!
AnbHfund
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If it breaks high 1.14700 then this wave count could follow !!
Long bias : on eu but wait for eu to break this level to enter longs !!