Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
so the next target is between 1.155 and 1.160 and then a bullish movement to the (3) point.
i think i MUST try to learn the POWERFUL Elliot part of technical too.
thanks for your work.
UnknownUnicorn266486
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Hi @rightahead, sorry about the late response, hope you caught on to that! Elliott Wave is a tool, you can make any outcome if using the theory. It's about having a directional bias before looking at the chart what counts for me. I use macro, fundamentals, sentiment & positioning to help me gauge a high probability outcome.
tqbrowne
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It's amazing Rob, you and I are both macro guys with much different takes on the fundamentals for example:
I'm skeptical of Eurozone stability and bearish on EM currencies (EEM as well) and you've been a consistent Euro bull and expect emerging markets to rally.
The beautiful thing about trading is that I'm sure we're both consistently profitable. Cheers!
UnknownUnicorn266486
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Hi @tqbrowne, I straight up think the EU will dissolve at some point in the future even more so after court finding in Germany on Friday. But its that break up that causes the rally initially. A destruction of Euros reduces supply, also we are likely to see a convergent monetary policy that will affect the Euro positively in the near term.
Many ways to skin a cat, risk management can allow us to make money even when we are wrong! Trading is a wonderful game.
i think i MUST try to learn the POWERFUL Elliot part of technical too.
thanks for your work.