This could be the beginning of a 5 wave up move . We need to hold the bottom trend line. I will be using some sliding parallels to help guide is progression upwards .
Trade active
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I am long now from the trendline. See where this goes. Cheap stop.
Trade closed: target reached
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Target reached on EURUSD long trade from the trendline. Going to see if we can start gaining support above the next sliding parallel . Flat now.
HI Mate, I think you have it right directionally but your count is a bit messy - check out the triangle on the comments below with wave 5 starting at the termination of wave E.
davidmysterfx
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@donaldsaw, I did post a chart yesterday to not bother about commenting about my EW count. I really don't care if they are off . I am looking for the general idea here. If you get caught up on counts you are going to miss the trade. I am already long at the trendline at 35s on EURUSD.
davidmysterfx
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@donaldsaw, Secondly, I am trading off of 15min chart cycles.
donaldsaw
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@davidmysterfx, Whatever mate, I don't miss a trade by counting EW properly. If anything, it gives me better entry levels - thought I'd help but will leave you to it!
GL
davidmysterfx
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@donaldsaw, Yesterdays 35s working out great! EURUSD completed a 5 wave structure up to the top of the channel. Whats wrong with that?