YuzukiChan

Euro targets 1.1185 with AB=CD

FX:EURUSD   Euro / U.S. Dollar
478 14 10
I would expect the correction to survive longer, but this one was a bit weaker, ain't it? Anyways the previous A-B-C was a sideways pattern, so this one's being sharp isn't a surprise. I don't expect any more complex structures here as AB=CD pattern meets the previous resistance, although it may pierce down a little bit more.

I am more inclined to forecast news by looking at chart patterns rather than forecasting the pattern out of the news popping up. So, let's see how geopolitics will react my buy order.

RESULT:

+85 pips in 10 hours.
Looks like wave 1-2 of a new impulse.
Wave 3's happen during NFP normally.
+1 Reply
YuzukiChan IvanLabrie
Your first sentence came out to be true already. I am waiting for the second one.
+1 Reply
IvanLabrie PRO YuzukiChan
The construction is the same as the bigger wave, leading diagonal w1 and all.
+1 Reply
YuzukiChan IvanLabrie
Since we discussed a great deal on the bigger wave, that had suddenly popped up to my mind as a possibility as well. And that happened at the beginning of W5; the same here, so it fits the signature. Just as then, I now think it will go further down, but am awake to any upward move.
Reply
IvanLabrie PRO YuzukiChan
Further down i what everyone expects. It will do the unexpected, to stop the most people, then move where we want it to.
Reply
YuzukiChan IvanLabrie
My major argument for this being a correction in the downward move is that the first down leg was a five. I couldn't manage to fit that into a three without stretching.
Reply
IvanLabrie PRO YuzukiChan
Where's the five?
I don't see it.
Reply
YuzukiChan IvanLabrie
Let's make sure we're on the same page.
snapshot
Reply
trader599 YuzukiChan
EURJPY
i hope it will go up side
Reply
Platon10 YuzukiChan
Already break now the Euro will going down deep to 1.0900 again
Reply
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