EURUSD

just update , take every care next 1-2 trading days or stay away till settle !!
https://www.forexfactory.com/showthr...5#post11781855

Here my HEW-update:
And finally I have a much better look on the last developments from (27 dec. until now!) and it gives me even a stronger believe my bearish count is correct!


I was looking to the last developments from 27 dec to now.... I really coudn't make sence out of it.....everywhere I saw corrections (ZigZags) and no further development!

Suddenly the lightbulb gives some light here!! We see now a wave-ii, an abc with the wave-b as a complex correction (a triangle)...

I try to explain....
We saw the green wave-i @1,1267.... then I expected an abc towards the green wave-ii.
-firstly the wave a @1,1402...so far so good....but then the madness of indecision starts!
-then we saw a wave-b as atriangle(!) the final triangle leg-^e is @1,1358 (red ^e)
-now we are in the last wave-c (started @1,1358) for finishing the wave-ii at (following estimated value at 1,1471-89) => that is just below or just above the wave-ii @1,1472(!) that means probably I have to switch in another count...then we possibly have some room upside.

Well le't wait what happend in the next session!

And yes...if we currently see a correction then we must see an impulsive move afterwards => and so that must be down! So if we are (i guess tomorrow) in the area of 1,1471-89 (finishing the wave-ii) then the (in my eyes the in the end dramatic) down-move down can start....! or is there also room for an extra zigzag......before the fall can start.....? If so then I can see indeed an upwards move towards....1,1600-1750.... but first things first.... and start with tomorrow

ps: the levels you find in the excel sheet are estimates.... and can change depending on the development(!)

Important scheduled economic events and data next week.

is still shs for me, was stopped out with profit, eventually i buy 1.1330-1.1350

Hi crew.

SL on shorts now at 114.06

Here's my take on the EURUSD.

On the daily time frame, sideways of price action prevail between 1.12810 and 1.14640. Much likely a breakout of the 1.14640 resistance zone on a daily closing basis will lead to a northward momentum, while a breakdown of the support zone around 1.12810 will lead to a southward momentum. We should also note and be interested in the wedge/triangle pattern (magenta) visible on the daily time frame. A breach of either the wedge resistance or the wedge support on a daily closing basis is likely going to yield a feasible trading opportunity.

I will stay on the sidelines in this market. I will take another look at price action upon the close of the market on Tuesday.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

lets see...

yep indeed the opening was that deep that it invalidated the smaller count I had....that means that we need a longer wave-c to make!!

if so then we can break the 1,1500 with his upmove.... then I have 1,1539-55 as possible high (for the current double)... then we have to look if we get another zigzag additionally for let this retracement morph into a triple....

oops

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Sell - 1.1433

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So gap up and continues up, now no time to play around. Go better up position to prepare better absorb the shock of brexit. Bull taget goes 1452 and above all risky sell zone /level 1472 break ok to 1498 test,, even breaks at some fakeout level to tank as far or all or next lows all welcome.little correction towards 1413 ok to up now.
Not knew where usdx stands now, may trying test near bottom to prepare any next shoot up!
Wow my God! What this happening usdx chart!! 96.38_95.85 spikes or just error! Lets see. But usdx bull also tanked already to prepare if last time try if!

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Trade closed in 1.1424

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Sell again - 1.1435

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Buy above 1442 and sell below 1428

I might follow this plan for this week

its a bullish harmonic but suggest a drop before flying with SL at 1.1475

checking chart to see what happening actually , limit down for up 1422/14 .

I have no bias . I am short at 114.28 SL=44