(T) ANALYSIS: EURUSD - Setting Up For A Nice Move.

The way I see it,, is that this pair is looking to bust it's way up! Yes, It looks very bearish. And there are going to be many "band wagon" jumpers on this pair. Especially if it continues lower and challenges the lows. There are already a lot of fundamentals guys who are swearing it's heading down. And now. So my analysis here will undoubtedly get some negative response from them. But bring it on!

In this DAILY Chart above, the thing to pay attention to most if the possible completion of the POTENTIAL Bat @1.06102 which is very, very close to completing but not yet (as of the time of this posting). Will it complete? Can't be sure but looks quite possible. If it does complete, then prices will also be hitting the .886 retrace of the wave (A). Which if course is in the G-Zone and is the highest reversal probability level within the G-Zone. Does that mean it will reverse? No. It does not. It only means it MAY. There is the possibility that prices may keep dropping and challenge the lows established back on March of this year. Which if it did get there, would of course be a place to look for some kind of strong reaction. But that is still a ways away.

A upwards reaction off the POTENTIAL Crab completion may only end up being a upside brief retracement before heading down towards the lows as well. So keep that in mind.

WEEKLY CHART
MY TRADE PLAN
I'm watching very closely this pair for a hint of a move up to start. When I see it, I will be looking to pounce on it. But right now (as of the time of this posting) I am only watching.

Want more great analysis and pro trading tips like this? Join my faceboook group at www.facebookdotcom/efxselect today (replace the "dot" with a ".")!

Want to know how I plan on trading this pair going forward? I've already posted an FULL in-depth analysis with some IMPORTANT information on lower TF's on this pair. Want the same BUY/SELL signals my members get? My members get complete REAL-TIME in-depth analysis, trades, alerts and signals on all pairs I cover as well as expert trading advice and tips. They received my TRADE ALERTS as the trade was happening and got the best entry price! Would that help you? Go here now to signup or to get more info: www.efxselect.com

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.