We have made profit from the long Setup (B-C) Leg. I believe we might have a continuation to the downside for the C-D leg before GBP becomes strong from BREXIT effect.
We Look forward to buying at the rejection of the flag support for C-D leg.
We sell from Wave 5 after rejection of the consolidation wave e.
Seems We might be having a triangle setup....We buy at the rejection of C for wave D.
We sell at the rejection of the 88.6% Fibo for a complete Harmonic Butterfly. TP1 = 38.2% TP2 = 61.8% TP3 = 78.6% TP4 = 127.2% extension. Trade with minimal risk.
EurUsd Could not break below the 61.8% after making a KYM. We look forward to BUYing the dips up to the 127.2% Fibonacci extension (1.07465). Check the other analysis on weekly Chart Setup
We look for BUY at the Rejection of the Channel Support for Wave C.
I am spotting a triangle on this one. We Sell to 136.266 then watch price action around the level for the next move.
We Go long at the rejection of the Channel Support for Wave D
Trapped within the Triangle....Sell Continues for now.
I believe there is one more down for this Pair before it rallies. I will be waiting for correction if it breaks above the channel Resistance to BUY
We look for SHORT opportunity at the rejection of the channel Support
Price has been moving sideways and presently rejecting the 88.6% fibonacci level. We go short from here.
We Sell at the rejection of the channel Resistance.
If Wave 4 fails to extend above the Low of Wave 1 then we probably have and Elliot Wave (Impulse) 1-2-3-4-5. Following a rejection candle, we go SHORT till about $1060.
We look forward to Selling this pair up to 1.03352 from where we look for rejection candle to confirm our Setup to go LONG