EURUSD

Was good for me to close that 2 trades with few losses.

Next month or next year i'll start to buy AUDUSD.

Here my HEW update.

It was a hard day. I really was focussed for a small upmove and was just trying to make the count without notice at eventual other options! And so this upmove tricked me. It already started the downmove...and was already in wave a/ii before I really noticed it After I created the new HEW update I know why it tricked me....because the developing was just producing corrections... and I was expecting an impulsive move as downmove...not the sort developing we see now....

Well I expected (dictated by the higher degree wave (green wave)) a 5-wave move towards the 1,1210 for reaching the green wave-c/iii. But with the wave ratios I see now....it can get until 1,1240-50... and then we also have no good projections atm! Normally the last thing let you now that maybe something is wrong in the impulsive structure.... So I decided to have a better look to the lower degree counts of this wave...

Well it looks if this down-move is again a correction!! ....is this a big (Expanded) Flat....? It could be!! From the green wave-a....we saw an ABC upwards.... then a double or a triple down towards the level of the green wave-a (1,1267) or some below if this is an Expanded Flat... if so then a 5-wave up to just above 1,1402 if Flat.... and otherwise a little more above....1,1414 as suggested level again!

(See edit below)
It can develop in two ways I think directly down and reaching the 1,1267 at ones (current wave-v must then expand a little) in the current double (see green option in screenshot) or we see this transforms in a triple before reaching the 1,1267 (see red options in screenshot).

ps: the last zigzag in this triple in the screenshot is just a suggestion.... I can't make those levels hard...!!
Actually I prefer the triple version (the red path) that just fits better....but oke the Market has his last Vote in this

If completed then again down to around 1,1210 for a completion of the wave-c/iii...finally

Well I hope I could explain it clearly in this text. Below I added the HEW-count how I see him atm!

Have a good weekend you all!!

A quick edit on this post!! (01-12)
I overlooked the count again.... I saw I made a possible error on the last wave down. after this correction I just expect a double zigzag (currently we are in the last leg of this double) projection I get is 1.1260 => If so then we have a Expended Flat and by that I indeed expect the high then arround 1.1410 area.
If we see a Flat instead...we just need to overcome our last high.

The chart below is the current count:

partially agreed....

indeed limited downside....1.1267 or a bit lower....then indeed a new attempt for the 1.1402..must be a little higher...(but below 1,1433)
because of the development I saw last day, the forming of the (expanded) flat a real correction move....my believe is even stronger then last day.... that the 1,1433 will also hold this time...

Bad day for me too. My analysis proved wrong, but I have been averaging my buys from 1401, 1390, 1370, 1350 and now waiting for 1290 to average it to 1360.

I had to hedge it towards 1323 before close. I always hedge my weekend positions but will soon off hedge on open on Monday.

I like this one. This pattern is definite that we donot see low for a few days now.

But beware, after a few days. it falls hard. Maybe i am wrong.

Swing Strength

Very interesting levels, because i have here the fibo 61.8 % in the chart monthly as 1.1209.



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USD Index - fibo 61.8 % = 97.82



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https://www.forexfactory.com/showthr...2#post11757372
Unlike gu I am purely long in this pair and presently also test longs there around bottom. though for solid bull still to wait for more rinse and repeat /more spikes up and may down actions!!but one way will set my target, above 1400 and stay for 1500+ /1600if 1800 not now as the lows already clears. Take care.

Not trust all this offline #, better little gap down to go.

I prefer XE for live rates over weekend.

SKLearn posted +/- the same price.

if the opening is indeed around 1.1360 then we must see a triple in this move.....

Well it could be a very nasty correction with the coming Brexit issue.....

it now can just a clean abc down...but the wave-x (in area 1,1358-80) can in theorie also be a complex (flat,expanded flat, triangle or combination)....Actually there is Know way to now how the correction finally would look like.... it's just guessing.... But I wouldn't wonder if the coming days is a width range trading case and gives us a very Choppy market with a nasty correction as result But finally, I still think we must go down.....

At least be careful!

XE not printing like that; it simply shows sell rate of EUR to USD.

OK but when open and next few hrs are not tradeable due high spreads and minimum ranges but tp if set may got,like gu tp1 1.2773 set for safety ,anyway will check next morning.gap up may fill to start play. No real benefit !

Have 1 triangle in the chart H4. After to open Frankfurt + London , we will see better the direction of market.

found the answer for your question.

They want you pay for this. Forget it.

Lets wait for a buy signal