aibek
Short

EURUSD monthly. Amazing power of trends and waves!

FX:EURUSD   Euro Fx/U.S. Dollar
Hello there!

This is to remind the global map for the pair. Hope you will find it useful.
Look how accurate works the trend and it's midline which once rejected the price already.
If EURUSD             can't move above 1.15 then the structure will shape descending triangle.
Trend is still down.

Target 1 = C=A = 1.0283
Target 2 = Downside of the trend = 0.95
Target 3 = C = 1.272 of A = 0.9274

Let's see!
IvanLabrie PRO
7 months ago
Wave 4 looks too lenghty to be part of the same 5 wave decline as the previous legs in that move. I think it'd be more like 1-2 or AB, with B or 2 about to end, or already done.
Reply
aibek IvanLabrie
7 months ago
Hi Ivan, thanks for valuable comment! I guess it's about pale wave 2 which caused complex wave 4. In the first largest impulse up wave 4 also took about 1 year (11 months) to develop. Let's see how it goes! Best wishes!
Reply
IvanLabrie PRO aibek
7 months ago
The wave 2 is almost invisible. At least in neowave terms it's not something you'd do, but I see a lot of Pretcher guys doing that count.
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IvanLabrie PRO IvanLabrie
7 months ago
I think the direction and timing is right though, and have a similar view, obtained from a different method.
Let's see how it goes, cheers!
Reply
aibek IvanLabrie
7 months ago
Thanks amigo!
Reply
Mizuki32
7 months ago
I personally think that 5-wave impulsive decline has completed at Mar. 2015 as commented above.
Of course, it cannot be excluded the possibility of the alternation between subwaves 2 and 4.
Thanks!

snapshot
Reply
aibek Mizuki32
7 months ago
Hello, Laox! Thank you for a detailed comment with the chart! I thought about your idea as plan B. If 2015 bottom was an A then C should be quite small not to drop below the origin of wave 1 as we are already between 61.8 and 78.6% correction levels. Time will tell for sure! ))) Every success!
Reply
Zohaib_Malik
7 months ago
Same scenario I have, it will go for C soon
Reply
aibek Zohaib_Malik
7 months ago
Hi, Shahrose! Thank you for comment!
Reply
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