So what we have here is a CLEAR CUT wave (3) move up. It has clearly broken that consolidation and is headed MUCH HIGHER. But where to get LONG on this move again? Well, I'm looking for it to retrace back down to that broken MAJOR SR Structure and retest it to go LONG again.
The very large pattern also suggests that we will be seeing MUCH HIGHER prices ahead. So stay tuned! You can believe that I will be catching more pips on this pair.
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1)co relation (usdchf ,,eurusd inversely co related so does dollar index to eur---dollar index just completed 4th wave on daily chart with kenjensan on weekly ichimokku and lower cloud as support (5th wave to resume usdchf still has a wave to go up) also gold it is ready to fall
2)wave 2 dont have such a messy correction its either wave 4 or B wave (here i think wave b as ABC---wave a from 1.0515 to 1.106 now B wave as(wave a 1.106---1.077,,,b wave 1.077 till now as smaller abc then a c wave to follow
3)eurusd facing tenkensen on weekly ichimokku (very strong resistance
4)corrective waves happen within a channeling impulsive wave brake out of channeling (draw a line dec 14th high to dec 28th --upper line then dec 17th to jan 5th lower line u have a channel ==wave a,,,,,then connect jan 6th jan 31 st lower line then jan 10th to jan 15 th u have ascending channel b wave
if it is impulsive wave then
1) first wave of the 3 rd wave usually will come close to end of wave 1(in this case 1.106)
2)when u connect starting point(here is 1.0515 ) wave 2 here would be 1.07(draw a line and call it lower boundary line ) then draw a parallel line from top point of wave 1(here 1.106) 3rd wave will brake that channel to become impulsive
3)last but not least 2 nd wave are neither messy nor have triangle
again i lost the trade and euro went against me 145 pip(My biased could be wrong) but still i am short biased i think we could even break the 1.0515 head towards par with dollar
I'm not poo-pooing all that you wrote as reasons for why you are thinking what you are thinking. But from your previous posting, it's obvious your analysis was off-base. Ergo, the loss. Happens to everyone. Happens to me all the time! I've had some spectacularly wrong analysis posted on here before and will continue to have them as well. Just have to learn to let it go and move on. Insisting it will go down won't make it go down. Will it EVENTUALLY get down there and probably lower? Yes, I also think so. Just not now.
Just my 2 cents and it's not criticism of you. Please don't take it that way. Others read this as well and I respond for their benefit as well.