My wave count on EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 16, 2015 9:12 AM

Last ABCDE ending diagonal pretty much tells that the last move was not an impulse but correction. Please comment your ideas about it.

Comment

⋅ Dec 16, 2015 8:55 PM

Looks like 5th wave is commencing, little consolidation and another down move is expected. Let's see how it goes.

EURUSD eurusdshort

Comments

bekirdur

⋅ Dec 17, 2015 9:04 AM

Thanks guys. This structure is still underway and wave count invalidation level is 1.10595. If price goes to that area, we can either say the wave count was wrong or this 5th wave was truncated. We will evaluate that after it happens.

Kadhijah

⋅ Dec 17, 2015 3:48 AM

nice one.. happy +pips :)

bilk29

⋅ Dec 16, 2015 9:01 PM

welldone