EURUSD is starting Elliot C-corrective Wave [Trade Canceled]

FX:EURUSD   Euro / U.S. Dollar
------Update 13/05/15 01:00 CEST-------

Wednesday publications could lead to important movement on this pair. I recommend not to trade this idea.

Best Regards,

------End Update-------

Hi workmates !

The impulse long wave of EURUSD             seems to have some trouble to cross over 1.13-1.14 zone. According to Elliott Wave theory we are starting the C-correction wave with a clear Head & Shoulders pattern forming on 4H view. Moreover MACD is close to reversing down below neutral line. A break of 1.12 level could lead to some more bearish trend on EURUSD             .

Trade setup :
Enter Short at 1.120
Stop loss at 1.129
TP1 at 1.11
TP2 at 1.0965

Best Regards,
Bien vu à postériori !
Mirandole JeanPortal
D'où l'intérêt de bien choisir le niveau d'entrée qui dans le cas présent a été frolé mais non touché aujourd'hui.

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