CLOSED TRADE: EURUSD: SELL@1.11900 Wave Count Says Sell +28 pips

FX:EURUSD   Euro / U.S. Dollar
1373 26 18
I am now going to be closing this trade because of my recent analysis on this pair about a possible triangle pattern forming and also bullish PA at this point to form the D Leg of the triangle. Also, with the upcoming news events this week, more consolidation is forthcoming and any kind of trend developing is highly unlikely. This favors a triangle consolidation forthcoming. So no need to stay in for now. I'll sit with a +28 pip gain and see what develops for now. I may still get in LONG for the E leg of the triangle but I'll watch the PA to see if there is a good opportunity here. Otherwise, I'll look for the completion of the E leg to see about going SHORT.
Thanks! Elliott wave - cool thing .. still learn something )
maybe .. but I like it fits me .. .. .. I'm very conservative , and most investor by nature . than a player or a trader ...
I 'm following the year the movement of prices ... I do not brag .. it's just a fact ..
is not .. assumption is based on my observation of the movement of prices ... it minima and maxima ...
I thought that the euro will go to 124 .. if he had stopped at 118 ..
126 does not make it ... I think a strong resistance 121 .. still and correction )
116 support on Friday at the European market which is closed ... and 116 is repeated again and I thought that's where the price will go after the news ... especially when the euro has struck 120 and 118 .. but then hesitated and thought that he would go further below ..
does this mean that it will head up to 1.126?
It doesn't mean anything. It is just a guess. It can do anything from here. Nobody can know for sure.
shaoquan92 EverythingForex
i see, alright, thanks man! :)
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