rougetrader66
Short

Gan and Elliot analysis and some observations

FX:EURUSD   Euro / U.S. Dollar
101 0 0
Initially I made a Gann analysis, and found important support where the trend is likely to return up again.
because the big boys will probably be waiting there with large buy limit orders.

however, price never reached the buy line, I think premature buying forsed the price a bit higher, but as we can see on
the current up move, it is not exactly explosive as it has been earlyer at the bottoms.

note also the Elliot analysis, we have compleated the fifth wave,
wich indicate a larger correction than we have seen so far.

we should see an ABC and then a resume of the trend,
because current buyers are probably not strong enough to carry the trend further,

we are not between the 50% and 61.8% fibonacci retracement .
I will short it down to the Buy line, then reverse the trade and go long at C.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out