EURO @ 1.20 - wave update

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 25, 2017 2:11 AM

The EURO has been in a long term ABC correction.

Possible wave count could be

1. Primary wave C

2. Intermediate wave 4

3. Minor wave a

4. Minuette wave 4.

Price movement based on Elliot structure with conservative Fibonacci would be Euro rollercoaster of 1.10 to 1.14 to 1.08 to 1.20..... :)

Comments

Melchizedek

⋅ Jun 25, 2017 5:24 PM

I'm SHORT to 1.11 and then looking for a break at the bottom of the Channel for a fast ride down, down down. Time shall tell!

Melchizedek

⋅ Jun 25, 2017 5:27 PM

@Melchizedek, PS: There is a very small chance that Price will ride on the old Channel Bottom (now supporting price) to a new high and a breakout above the new channel UP. Small but possible. So keep an eye on it with small STOPLOSS and possible REVERSAL Order.

Axeas

⋅ Jun 25, 2017 12:24 PM

Nice chart. Please could check if EURJPY is on the same EW structure. Thanks

salsapete

⋅ Jun 25, 2017 12:25 PM

@Axeas, Sure.... :)