HamzaLeith
Short

EURUSD should head south very soon!

FX:EURUSD   Euro Fx/U.S. Dollar
631 37 4
Idea is based on a combination of EW theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop loss. Good luck
Downwards scenario is still very valid!! only if price extends C and closes above the gray line then EURUSD will obtain a bullish bias!. It is decision time for the euro! I myself have a bearish bias due to the strong downwards impulse wave from 1.40, a bearish bias means a logical follow up of that downwards impulse! IF the euro rises then it will definitely break previous highs!
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This upwards movement is just a subdivided wave 2 of wave iii. I look forward to witnessing wave 3 of iii!!. Guys IF price rises above the start of wave II then please consider my idea INVALIDATED!!
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So it begins....wave 3!!!
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We are almost there guys... As soon as that dashed blue line is hit, I will short...look at today's waves these definitely look like impulse waves to me!!! No choppiness at all, clear bars!! I really think this idea might pay off!. Wishing you all good luck!
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HamzaLeith HamzaLeith
btw you will be able to see what I mean if you look at the 1 hr chart!!
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HamzaLeith HamzaLeith
stop loss above C (and the gray line of the pitchfork.
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Scloneh HamzaLeith
Hey dude, look this bullish scenario, instead of a triple zigzag correction, a start of a major upside movement i-ii ,(i)-(ii) I will publish it in a minor timeframe, check it out.
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HamzaLeith Scloneh
hmm, did you check the fib extensions on these legs (waves 1-2) wave 3 is usually a 1.618 fib extension. These waves 3 and 5 seem way to high!
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Scloneh HamzaLeith
Yeap, but it is not a rule at all, specially in intraday charts, the only rule that it have to complete is that wave 3 is not the smallest wave of the impulsives, 1 and 5 can be more biggers, well not at the same time, but you can have this configuration: wave1: 100ticks wave3: 30ticks wave5: 25ticks and it still being an impulsive wave.
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HamzaLeith Scloneh
true!, both scenario's are until now possible, It is a matter of which one seems more likely :-)
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