Fomenka

Fomenka

Seems like @DanV was right and the price is retracing in wave 2 before surging up

Fomenka

Feels like EUR is in downtrend until end of April

Fomenka

Looks like after correction the pair will decline in 3rd of 3rd.

Fomenka

Expect it to go just a little bit more down to touch 0.382 Fibo at least before skyrocketing..

Fomenka

Am travelling next week and will have to manage my trades with orders. One will be a Buy Limit order around 0.618 of the first wave up (at 97.150) with SL at 96.93 another will be Buy Stop at 97.490 with SL 97.130

Fomenka

analogous to GU my take on EU is that it will continue subdividing higher in coming weeks to finish in contracting triangle or similar termination pattern.

Fomenka

Considering overall nervousness and recent sharp move of GU upwards I think we can expect something like a contracting triangle to finish this wave up in GU and EU.

Fomenka

Not a trade. Thoughts on how it may move in future. A take off in 3rd wave may correspond with sharp strengthening of dollar which is also expected later this year.

Fomenka

Not a trade. Simply thinking where it is leading us to.

Fomenka

correction

Fomenka

last move to knock out bear SLs?

Fomenka

very short term trade

Fomenka

RSI also allows for move down. Targets are somewhat speculative.

Fomenka

inverted H&S divergence and stuff

Fomenka

small pinbar against the trendline

Fomenka

negative divergence in RSI indicate that the trend is still up and we can expect a new high. 1H and 4H inside bars off the support as a trigger for this trade.

Fomenka

opposed to USDJPY EURUSD seems to be getting into position for a freefall. Lacking PA patterns here. The trade is based mostly on the wavecount, resistance levels, divergence and general anticipation of the move down. However I do not dismiss a probability of another leg up until 17 September.

Fomenka

Complete wave count of bigger 4rth wave correction posted in earlier charts, ending diagonal before the news, fibo correction to 61.8 of yesterdays impulse wave up that started with 1H and 4H pinbars against the major support level.