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aibek
Jan 25, 2016 6:32 PM

EURUSD. BUY CURRENT (1.0834) TARGET 1.1250 Long

Euro Fx/U.S. DollarFXCM

Description

Hi everybody!
Looks like correction is over (white B hit 0.786 of white A).
We are in the last leg of green (A) wave.

Entry 1.0834 (current)
Stop 1.0765 (below white B)
Target 1.1250 (yellow C = yellow A)

Good luck!

Trade active

Comment

Hello friends!
UPDATE is here for you.
Looks like 5 waves in larger wave 1 of C up are finishing in ending diagonal and is going to reverse down in wave 2 of C towards 1.0850 level (61.8% Fibo).
Move stop to 1.0800 as below 1.0809 the idea will be invalid.
120 minutes chart for illustration for your convenience is below.

Comment

Hello! MOVE stop to 1.0875 (+41 pips)
Below is the updated view.
Worse case scenario is that we are in small complex WXY correction (blue labels on chart below).
It can be triangular wave X (blue) If EUR can't break through 1.0968 then I would strongly recommend to cover long to save current profit as we can drop down to 1.0630.

Lucky trades!

Trade closed manually

Booked profit at 1.0960 (+126 pips).
Let's see how it goes further.
Best wishes!

Comment

My father told me be patient and trust yourself.
So the original count proved to be right.
Here is the lesson - when you are able to put your stop at break even - maximize the profit, keep to an end, because you lose only chance not money!

Best wishes friends!
Aibek

Comment

For those who are still long - updated view below (weekly chart for broader view)

Comment

Target was almost reached. 1.1244 fact vs. 1.1250 projected.
Comments
IvanLabrie
Great exit.
stream
i hope this is only an idea .. eu broke 2 times its support so i dont believe it can go so high
aibek
Hi stream, thanks for feedback! Only below 1.07 I would switch to neutral. Best!
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