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sngyuchao

EURUSD Elliott Waves Counts - Short EURUSD for a 5 waves down

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
sngyuchao Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Elliott Wave Fibonacci
2
0
elliottwaves fibonacci
According to my Elliott Wave counts, EURUSD has already completed a 5-waves up and a 3-waves down. I expect that the last wave up as an "X" combining another 5 waves down for a "Y" wave.
Comment:
The way EURUSD moves seems to be more corrective than impulse. At this point, it could be a potential compounded 3rd wave or is really a correction. I cannot be sure. My advice is to put a stop above 1.24131 if you are more aggressive or 1.23869 if you are more conservative.
Trade active:
At this level 1.24472, I am attempting a small short.
Trade closed manually:
The counts are no longer valid.
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