EURUSD

gone short waiting the end of the day to close

Some interesting numbers
3 days in impulse and new prices, 11 days in correction range. 27.27272727272727% of the time market is moving through new levels 72.72727272727273% of the time just going over old ground flip flopping in correction.

Final 7th core projections
1.1058 1:1
1.10482 1:161

Last sub wave down, wave count checked off and hit 161% at 1065... I think it's done.. Or it's going to +261? It's 1048 =)

2pm GMT Euro likes to pick main direction for the day..

not much movement today, still made 42pips, that's it for me for this week

Yesterday ECB member Rehn said they will start easing next meeting. That is huge negative for Eur and the sell off started and still continues.
This guy though will buy blindly just on a fib level?!? Also went in 0,20 instead of his normal size 0,01 (20 times as much).
Some people never learn...
#don't try this at home people

eu now in 1106 / 1035 range, am i correct ?

Much likely we'll still experience further negative move bro.

Trade safe.

KP

Quoting PatienceFx

Disliked

{quote} eu now in 1106 / 1035 range, am i correct ? {image}

Ignored

Germany ready for deficit spending if recession hits - Spiegel online.

Euro dollar what a pair.

I don't buy that spike.

More shorts to come.

The spike seems to be developing into a turnaround.

it is still bearish, the spike was only due to news

i expect 1.10 to be broken next week

Possibly, but a clear retracement is to be expected at some point. Fundamentally, the USD is also bearish. Just look at the recent Consumer Sentiment figures, not to mention industrial production yesterday. Consumer sentiment is considered a leading indicator. The US is also going down the tubes.

trading eu is fun

It needs 1075-1080 area to hold once again to continue further up, IMO

monthly , weekly & even daily all strong bearish and as in one last leg down 1026 previous low will be decision making if extension down continue . Take care

Well as much as I like being right... and all.. been consistent with (down) trend direction, without the "maybe".. since 22JUL... and been posting/trading trend line chart(s) since 25JUL... I do not like this sudden ("radical") drops... They do not bring anything good... "unexpected" reversal/spikes are painful (if you do not know how to time them properly.. - which is very hard, I think).. So I would bet on reversal for at least 30PIPs (to like 1.1120) if not till 1.1169+ (to touch the merlins line, again)... otherwise, we are in some serious HAMMER-down till the parity... for the next 3-6months... I would still like to believe in the slow eurusd decline till end of oct.. as I have been repeating as parrot for quite some time.. But atm.. it seems all the "ANALysts" aligned for the massive hammer.. it is amazing how fast they adapt, quicker then shock absorbers in modern cars... But business is business and I timestamp here that I still bet on the at least PARTIAL reversal in the following week... and then proceeding with slow decline.. as "planned" Because if not... we might be on the edge/toes for TWEETS.. ECB/FED shock-posts/conferences... chaos basically... Which might be disastrous for both sides (of trading) unless you are skilled for those times... So yeah, will make my last BUY (beginning/Monday) next week.. but then I am on the (resumed) SHORT side till HALLOWEEN 2019.

Possible butterfly

usdx & gold though in bull but not that promising short term at least but eu posing strong bear at this good lows & gu at the great lows now and hence lots abnormal reaction possible . take care
https://www.metalsmine.com/showthrea...1#post12448201