JayJay
Short

Major EURUSD reversal coming up..

FX:EURUSD   Euro Fx/U.S. Dollar
1672 41 18
EURUSD             approaching descending trendline from 1.6 high within an overall corrective EW pattern along with 0.618 retracement from 1.50 high / 1.20 low.. This count calls for another major leg down towards the 1.20 lows.. Current major leg from 1.2750 is also overlapping and thus corrective in nature adding further weight that current leg is a "B" wave..

We will be looking for a catalyst over the next week or two, most likely coming from Bernanke or Draghi, to halt the recent EU advance.. Shorts from around 1.3850..

Follow up on this chart:
Major EURUSD reversal 2
JayJay
3 years ago
Good video on this: http://www.youtube.com/watch?v=q1X43lcU7Ck
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alex.a JayJay
3 years ago
LOL
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JayJay alex.a
3 years ago
:D
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JayJay
3 years ago
snapshot
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JayJay
3 years ago
snapshot


Bearish Shark: A-C leg in this chart is not entirely in proportion but divergences add further weight to the bearish view..
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dojitrader
3 years ago
I'll have to do some research but, is it possible for a double zig zag to also be a triangle. I'm thinking that your analysis is actually more bullish than bearish. which case the triangle is complete abcde and headed higher from here ?
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JayJay dojitrader
3 years ago
Its a ZigZag in shape of a triangle.. dont see a problem there.. Major issue I have with ABCDE, however, is that the last leg "B" does not have a clear 5 wave structure to qualify as impulse wave after "E"
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99nines JayJay
3 years ago
1.395, pull back... 1.423 - major reversal.
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JayJay 99nines
3 years ago
lol.. you again? .. :p
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Deus
3 years ago
wow JayJay I have almost the same
EURUSD long-term idea
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JayJay Deus
3 years ago
Nice! ..
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JayJay
3 years ago
snapshot
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JayJay JayJay
3 years ago
High might be forming.. short around current levels for initial take profit at around 1.3475..
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alex.a JayJay
3 years ago
It seems like it will go until 1.41662.
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alex.a JayJay
3 years ago
Because the US gov shutdown data will drive it there. Pre-GDP US has that NFP data. with this fact, 300 will go, not to mention tomorrow durable goods, if it comes out bad.
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ForexTools
3 years ago
snapshot
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JayJay ForexTools
3 years ago
thanx man! ..
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JayJay ForexTools
3 years ago
wow.. that one worked out quite nicely, didn't it?
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Nickmail
3 years ago
dont think it can go below 2976
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JayJay
3 years ago
Along with this new publication..

Major EURUSD reversal 2
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JayJay JayJay
3 years ago
Major EURUSD reversal 2
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JayJay JayJay
3 years ago
Not too bad ejhh?.. Approaching good place to lock in / take some profits for those who are playing this short term..
snapshot
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JayJay JayJay
3 years ago
Nice little shooting star here on the monthly chart right after our 0.618 retracement..
snapshot
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JayJay JayJay
3 years ago
Looks like we've got our catalyst here too.. enter Super Mario.. :)

http://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2013/10/31/Forex_EURUSD_Searches_for_Support_Amid_Growing_Threat_for_Deflation.html
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alex.a JayJay
3 years ago
Whoa - "Our" catalyst ~ incredible collective knowledge and having togetherness - Not to mention - profit - Thanks -
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JayJay alex.a
3 years ago
yeah, sweet isn't it? .. was thinking the same thing.. np.. best of luck..
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Shadowbrokerltd
3 years ago
Congrats JayJay. May I ask you how can I reach your level of technical analysis?
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JayJay Shadowbrokerltd
3 years ago
wow.. that's too much credit I'm sure.. but practice makes perfect as they say.. :) .. this one was relatively straight forward though.. 0.618 retracement with divergence on the daily, and later, the weekly time-frame as pointed out in this post.. a major point of interest and giveaway to me, though, was the overlapping, and thus, "weak" price action on the daily since April 2013.. which I think is a major area of importance in any market; that is; learning to identify impulsive vs. corrective price movements.. Look into some EW theory for this.. and of course we have Draghi emphasizing for over the last year now that "inflation expectations remain firmly anchored".. :) .. best of luck..
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JayJay
2 years ago
This idea is now closed..
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JayJay JayJay
2 years ago
snapshot
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JayJay JayJay
2 years ago
crapp.. wouldn't post the updated version..
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JayJay JayJay
2 years ago
one more time..
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JayJay JayJay
2 years ago
snapshot
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