peterdcharlebois

EURUSD Looking to go short below 1.1141

FX:EURUSD   Euro Fx/U.S. Dollar
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.
long to 1.1457 and cash in
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Well... it's possible. But it has to overcome that sloping trendline.
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Looks like a reasonable target now. Nice
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