EUR/USD - Quick Update About Short Position

FX:EURUSD   Euro / U.S. Dollar
I have just opened the third and last position within my EURUSD             pyramid. I did have a sprint             towards the 1.10 in mind if the NFP doesn't come out as expected but I did expect the unexpected.

Looking at the Elliot Wave count it actually makes perfect sense. Based on that we are seeing a perfect (orange ) 2 within the (red and blue) fives and overlaying c. Therefore we are not going any higher than the (red) 4 to keep the setup valid.

Hence, 1.05 and 1.02/00 we are coming!

Stop Loss for all short positions at 1.12

What do you think about GBPJPY and EURGBP?
Dluginacci GrzegorzOleksiuk
Regarding GBPJPY check my Facebook page. Currently working on EURGBP but not sure if I will finish it today. Give me some time, mate ;) Cheers!
No time:)

Yeah, GPBJPY looks good so far. Got it open in my account. Shorted EURGBP thinking that GBP will again press EUR down. Oh well SL is on 0.7400
Had a few orders at different levels and opened few short at max spike even at 1.1020. Some already in juice. Can't wait for 1.02!!!!

Dluginacci GrzegorzOleksiuk
Well done, you. I will definitely hold onto my positions as, even if it would spike up again, it will come down sooner or later. Cheers
bjfalch Dluginacci
Hi. Do you have any SL on this position?
Maybe 1-2 is invalid...that's what I think. 4th wave in red isn't over.
We'll see though, if it goes over your 4th and start of w1 of 5/c it's invalid.
Nice work.
Dluginacci IvanLabrie
Yes, if it goes over red 4, 1-2 orange is invalid. However, I do think that the red 4 will come to an end soon. It actually retraced enough to become valid. Cheers!
+1 Reply
Thanks for sharing!
Dluginacci PeytoLake
You are very welcome. Good luck!
+1 Reply
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