If it's EURUSD I posted yesterday that wave C need to be completed and expecting further move down on daily chart.
Agree?
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Disliked{quote} I guess you mean EURUSD and not EUR index. If it's EURUSD I posted yesterday that wave C need to be completed and expecting further move down on daily chart. Agree?Ignored
Dislikedmorni'n Folks .. Firstly thanks for all your contribution ... Now on a daily timeframe on EUR/USD, I believe that we are on the C leg of a correction. we seem to have completed 1st, 2nd and 3rd wave of this C leg, now approaching the 4th wave... most probably it would turn on a 38.2 fib which is very close by (1.1940). It could go to 50% as well rarely (1.1973) but i will be selling majors from 38.2 % itself (small lots to accumulate). Now the first target for this expansion to 38.2 would be 1.1834 and 2nd target at 61.8 would be 1.1769....Ignored
Disliked{quote} Me.too..I am staying n building shorts. I take it as an extension ABC-wxy.. now in y legIgnored
DislikedNow breaking this down into an hourly chart, i am pretty convinced that this might go to 50% (1.1973 +) before a reversal. remember we have monetary policy , Rate decision and also ECB press conference today, so the hedge funds will be waiting and drooling for retail money today . so on 1 hr, we have completed A leg, B leg and we need 5 waves of C leg which is now going on. we could be on 3rd wave now.. so it will need a 4th wave down and a push up for wave 5 to finish this correction, after which we should be getting a very nice move down...Ignored
Dislikedmorni'n Folks .. Firstly thanks for all your contribution ... Now on a daily timeframe on EUR/USD, I believe that we are on the C leg of a correction. we seem to have completed 1st, 2nd and 3rd wave of this C leg, now approaching the 4th wave... most probably it would turn on a 38.2 fib which is very close by (1.1940). It could go to 50% as well rarely (1.1973) but i will be selling majors from 38.2 % itself (small lots to accumulate). Now the first target for this expansion to 38.2 would be 1.1834 and 2nd target at 61.8 would be 1.1769....Ignored