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chessnut
Jun 21, 2015 11:46 PM

EURUSD EW Analysis Triangle Update Long

Euro Fx/U.S. DollarFXCM

Description

The triangle in the EURUSD thrusted toward 1.14 last week, potentially completing the move. However, the thrust retraced in the form of an abc to exactly 61.8% of the rally, tyrpical of a primary wave. This morning the EU is bullish. Plausibly, this can only mean that we are about to start a third wave rally. A channel target for the greater ABC fits excellently with the projected impulse from wave 1. RR is favourable and very well defined.
Comments
rick.alter.35
nice..judging by that green circle 1 impulse target on this gonna go even higher than 1.15
njdfj
agreed and thanks
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