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glennmercer
Sep 16, 2016 2:21 AM

EURUSD Elliott Wave Count: Waiting for Bearish Impulse Short

Euro Fx/U.S. DollarFXCM

Description

Hey traders! Here is an updated wave count on EURUSD. I'm looking for a bearish impulse to set off a potential wave-c. My preference is to sell the pullback on wave-ii-of-c and put a tight stop behind the start of wave-i. I will continue to update when waves complete or if I take a trade.

Comment

As predicted, EURUSD has fallen off into wave-c-of-(Y)! Unfortunately, I was asleep for the break and pullback, but that would've been an excellent opportunity to short against the trendline with a very tight stop and a huge R/R. Hopefully somebody out there got it!

Comments
GoldHunter
thanks for idea !
MindTrader
CurrencyWaves
Nice Work!!
CurrencyWaves
Tweeted it for ya...
glennmercer
Thanks CW!
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