AbhishekHSinghCMT
Long

EURUSD--B-Wave Triangle Can Give Upside Thrust

FX:EURUSD   Euro Fx/U.S. Dollar
77 0 8
EURUSD--b-wave triangle can give upside thrust in c-wave             to complete larger triangle E-wave & Post a Fall . In that likelyhood once it crosses 1.1111...It should travel equality distance as of a-wave             which gives a target zone as 1.1245--1.1260. ... Important Support Shall be 1.0970 & post break of 1.091 shall confirm that Euro             wants to go down...
Comment: In smaller time frame ..E-wave in Bigger Triangle has developed as a---b small triangle & c--thrust which is expected in the zone 1.1245--1.1260 to complete E-wave of Larger Triangle & after there should be a fall ...the fall which I dying to see as an analyst..Current price--1.1085
Trade active: 21:45 Hrs..29th June 2016-- EU has started creeping upside...Our Key Level is 1.1048 & 1.0970...Likely we should close our position if EU goes below 1.1048...Current Price--1.1110..Regards
Trade active: 22:00 Hrs--29th June 2016-- EU should first travel into 1.1230--1.1240 zone & above it could stretch till the zone 1.1330--1.1340...Post Touching That Zone ...Once it starts falling & goes below 1.0970-key level --that is where we will go short & shall be confirmed & sell signal will become more strong when it even goes below 1.09119 Brexit Day Low... Regards,
Comment: 20:30 Hrs ..IST--30th June 2016....EU is off from its high@1.1154....Our Conservative Target Did Not Reach...Pair has been moving in tight range...We will put stop@cost --1.1070...breach of that level we will close at no profit & going below 1.1050 --we shall flip our position for taking selling opportunities as per new update which I shall post. Current Price--1.1105........Regards, Abhishek
Trade closed manually: 20:50 Hrs--30th June 2016---Infact Book Partial Profit@1.1105--1.1100 & Exit Long Call.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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