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peterdcharlebois

EURUSD Looking to go short below 1.1141

Euro / U.S. Dollar (FX:EURUSD)  
peterdcharlebois Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD EUR Elliott Wave USD wave4 Triangle
5
3
eurusd eur elliottwaves usd wave4 triangle
I'm not at all sure what's next for the EURUSD. But with such a large drop the most common pattern is a Wave 4 Triangle. So if the current move up does so in an abc and does not make a new top then heads back below 1.1141 then I am short.
Comment:
Indeed, this move up was bigger than expected. But the plan was to go sort only if a break below 1.1141. So no harm done. If it breaks 1.3464 Feb 11 high then I am SOOO wrong in my assessment and may go long.
Comment:
Wow... look where that move labeled "e" stopped today. I wonder if it is going to fail just below the move labeled "c". We shall see. Get it... C
Comment:
YEP... I'm quite confounded by the continued move up. the pattern marked d to e is unusual for an impulse and yet it keeps rising. I 'm missing something, so I am staying clear for now.

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