EURUSD: Expect price movement

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 11, 2017 7:41 PM

Hi traders,

On this EURUSD chart we can see my expectations based on the Elliott Wave count.
I expect a retracement back to point B and from there drop to point C.

Cheers

EURUSD EW

Comments

maximelians

⋅ Feb 13, 2017 7:32 AM

Thank you very cool. My TP 1.0720 what do you say?

11021992

⋅ Feb 13, 2017 4:13 PM

@maximelians, Yep, looks good. My target on my other trade is also near that area. Here are the zones I'm looking at for.

maroha20

⋅ Feb 12, 2017 3:36 PM

Thanks for the graph! After reaching to c (61.8), what is your analysis? Do you think it will be a long? If so, what do you think it will be target?

11021992

⋅ Feb 12, 2017 3:44 PM

@maroha20, Thank you! Yeah I think after the ABC correction we will form a new 5 waves upwards. Possibly towards 1.11 area.

maroha20

⋅ Feb 12, 2017 3:46 PM

@11021992, I see, thank you very much!

11021992

⋅ Feb 12, 2017 3:52 PM

@maroha20, Would be looking for something like this

maroha20

⋅ Feb 12, 2017 5:38 PM

@11021992, Brillant, this is what exactly I thought. Do you think it will reach to 127.1 or 161 from the fibo extension?
Cheers