YuzukiChan

Euro targets 1.1185 with AB=CD

FX:EURUSD   Euro Fx/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.

Related Ideas

YuzukiChan
Go easy, Euro
YuzukiChan about EURUSD 15 a year ago
beamer
2 years ago
nice one!
+1 Reply
Platon10
2 years ago
Interesting, but i think for Euro to upside or downside is depend on data tonight for Nonfarm
Reply
YuzukiChan
2 years ago
The first target is reached. A clean profit.
+1 Reply
MarkLangley PRO YuzukiChan
2 years ago
NFPR will test your second possible outcome , but good work so far
Reply
Looks like wave 1-2 of a new impulse.
Wave 3's happen during NFP normally.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
Your first sentence came out to be true already. I am waiting for the second one.
+1 Reply
IvanLabrie TOP YuzukiChan
2 years ago
The construction is the same as the bigger wave, leading diagonal w1 and all.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
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 TOP YuzukiChan
2 years ago
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
2 years ago
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 TOP YuzukiChan
2 years ago
Where's the five?
I don't see it.
Reply
YuzukiChan IvanLabrie
2 years ago
Let's make sure we're on the same page.
snapshot
Reply
trader599 YuzukiChan
2 years ago
EURJPY
i hope it will go up side
Reply
Platon10 YuzukiChan
2 years ago
Already break now the Euro will going down deep to 1.0900 again
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out