Mizuki32
Short

EURUSD: Bullish and Bearish scenarios

FX:EURUSD   Euro Fx/U.S. Dollar
699 8 15
#Bearish scenario:
- Big triangle ABCDE is ongoing since 13rd Mar. 2015.
- Wave {D} would be zigzag or double zigzags.
- If wave {D} is single zigzag, the correction by wave 2 of C is in progress.
- If wave {D} is double zigzags, downward (Y) wave will start after the correction by wave (X) .
- Target price is around 1.06 at the lower dotted line.
- Invalidation price is around 1.143 (the high of 24th Jun.: Brexit day).

#Bullish scenario:
- Flat ABC is ongoing since 13rd Mar. 2015.
- Wave {C} since 3rd Dec. 2015 is a expanding ending diagonal.
- Wave (4) of {C} could be done and upward wave (5) might have already started.
- Target price is beyond 1.17 (the high of 24th Aug. 2015).
- Invalidation price is around 1.082 (the low of 10th Mar.: Draghi day).

Best wishes!
EUR/USD


i just post a idea on bearish EUR/USD long turn
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Mizuki32 BrennanHeart
5 months ago
Thank you for sharing.
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stream
5 months ago
bearish is out for the next 6 months
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Mizuki32 stream
5 months ago
Probably ;)
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KhoaHoang
5 months ago
Many thanks,
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Mizuki32 KhoaHoang
5 months ago
You're welcome.
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donaldsaw
5 months ago
Good analysis you've done there. I agree that it could be an ending diagonal but a flat i've ruled out as C wave hasn't shown a clear 5 wave impulse move. Have you considered another option for a triangle? -
Possibly a D wave of a TRIANGLE has started?
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Mizuki32 donaldsaw
5 months ago
Thank you for your constructive comment. Agree with your thought.
Hrmm, I can't come up with a better idea than this one right away.
Thanks for sharing your chart looks very good. Appreciate it :)
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