As in most of the Euro pairs, a correction to the down side is expected. Keep it simple and enjoy the ride. RESULT: Stopped out with breaking even in 20 hours.
Ambiguity and despair will hopefully come to an end as the lunar month of the Mercury retrograde passes. Take your seats for another take-off within this complexity. ALTERNATIVE:
The accuracy of my previous idea strengthens this one. I am waiting for a confirmation to the down side before going short. FOLLOW UP:
I would expect the correction to survive longer, but this one was a bit weaker, ain't it? Anyways the previous A-B-C was a sideways pattern, so this one's being sharp isn't a surprise. I don't expect any more complex structures here as AB=CD pattern meets the previous resistance, although it may pierce down a little bit more. I am more inclined to forecast news...
I estimate the bottom of this catastrophe to take place around March 2016 at around $110.
Still some room in the North? Who knows... But the final upward move is seemingly corrective, which means we should expect a downward 5th wave or another zigzag to form the Y. Too early to say anything but I imagine a bat pattern after Y, at the completion of which some big players will be involved to the proposed fiber rally at around 1.07. UPDATE: If the...
Sometimes you just need to look it from above.
I've posted so many different and conflicting counts. Now this is the final picture as I see it. Longs are taken @ 1.09. There may be more space downside, but in the end, our skyrocket is ready to take off. Happy trades! CORRECTION: The counting is wrong. I was so sleepy as I publish the idea. Count it as a diagonal, then we're on the same...
When the owl is singing, of course! But when will the owl sing? When the five wave started at the b point is completed. Yes, but where? How about 1.09? (I would rather see the actual end point of the wave rather than just putting a limit buy at 1.09) I can only say that it's something above 1.08476. The expected wave might be an X wave (I think this is unlikely)...
The chart tells it all. Do not forget that we expect a big move up after the completion of C. RESULT: +300 pips in 15 hours.
Take a deep breath, relax, and turn the aggressive mood on! RESULT: +100 pips in 48 hours.
Buy the simple, sell the vague. Higher.
The upward force has held sway throughout the correction, the correction which is about to exhaust its whole power. RESULT: 1st trade: +30 pips 2nd trade: Stopped out with -10 pips Total duration: 7 hours