nikitafx
Long

EUR/USD time to Reversal (Nikita FX )

FX:EURUSD   Euro Fx/U.S. Dollar
103 3 2
EUR/USD             almost hit WMA50 (1.1506 ) in week of Oct             . 12 but failed. That's why 4-D
downward wave was extended. However it is still holding ascending Channel bottom
line since 1.04613 at Daily, Weekly and Monthly. We will still expect one more upward
wave 4-E.

52 weeks consumed for (1.3966--1.0461)-downward waves. We spent 33 weeks for wave
4 consolidation (52 x Fib.61.8%=32.14 weeks so far). However EUR/USD's favorite Fib. No.
used to be 76.4%, which means (52 x Fib. 76.4%=39.73 weeks). We still have 6 weeks more.
Monthly close is keeping above Fib. 61.8%(1.0939) support ( Oct             . 31).

Therefore it's Time to Reversal.

Nikita FX (http://climbingfx.jugem.jp/ )
stream
a year ago
I dont think that this is a reversal .. This will be a retrace ..for rejection .
Reply
ddp922 stream
a year ago
yes i feel we will have it complete when draghi speaks again, sending eu down and the final nail the next fed meeting end of november with a hawkish tone
Reply
stream ddp922
a year ago
lol that has nothing in common with Dragi .. Dragi only helps ... for sure not for free ..
Reply
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