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EURUSD only

New graph, bulls are strong today!
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Feels right this time!
Price arrived way higher than my limits.. Anything higher than 1.0485 is beyond my understanding and I will wait on side lines while above it...
Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 176.0%
Target level for this week for the EURUSD is 1.0585
CRAZY divergence on a Daily
I inverted the DXY chart, so it's easier to see it this way
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Also here
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Most members are forgetting that this pair is in a strong wave 5 down... The inner-wave 3 of 5 might have finished or might not.. very careful with switching to a bullish bias... I wouldn't recommend... especially while below dashed trendline: 1.0485 area is blockage for a higher inner-wave 4...

*The extreme high of inner-wave 4 would be 1.0625 since, technically, wave 4 can't touch wave 1: 1.0626
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Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 176.0%
whatever in scalping all ok , 0440 hold or 0409 test if still bear momentum ! lets do it
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This forecast is making bulls nervous, so we may not see more upside today and if, at 0589 should be the end.

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Feels right this time!
Quoting Ata-Turkoglu
Most members are forgetting that this pair is in a strong wave 5 down... The inner-wave 3 of 5 might have finished or might not.. very careful with switching to a bullish bias... I wouldn't recommend... especially while below dashed trendline: 1.0485 area is blockage for a higher inner-wave 4... *The extreme high of inner-wave 4 would be 1.0625 since, technically, wave 4 can't touch wave 1: 1.0626 {image}
Hi Ata, if EU have finished the wave 5 sitting on 1.0275.. what is max target for the upside then?
Quoting hans91
{quote} Hi Ata, if EU have finished the wave 5 sitting on 1.0275.. what is max target for the upside then?
Once/if wave 5 is complete depending on where we are we could have a series of WYX corrections.. Nothing is a guarantee that it will only go up from end of wave 5... Technically it is still possible that a new 5 wave move to the downside can start.. In other words... once wave 5 is done we must see how strong the main resistance area: 1.0488 can reject bulls.. Once at those lows what will hold bulls from rising is 1.0488 area..

Let's stay in the now.. Never worry for endless possibilities..
Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 176.0%
Quoting hans91
{quote} Hi Ata, if EU have finished the wave 5 sitting on 1.0275.. what is max target for the upside then?

After 5 waves usually price is retracing first at 23. 6 fibonacci level, but it can go all up to 61.8, or even further.

It's good to take the levels one by one after you plot them on a Daily chart and then you can use them like, support/resistance and not only for a forecast of where price will travel next.

Just remember Elliott Wave analysis can become more complicated from just simple 1,2,3,4,5 & A-B-C counts.

Here is an easy tutorial of how to use fibonacci extension and retracement tool.

http://forex-indicators.net/cycle-in...draw-fibonacci
Feels right this time!
With EURUSD it is almost always the same: once bears or bulls start they don't know how to stop... Here we see bears again selling and selling and selling probably until 0.0000
Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 176.0%
Bears will not sleep until they get out of the way 0419 low, but then again they will stay up all day!
Feels right this time!
Whenever 1.0444 fails I have 1.0463 waiting as next intraday resistance..
Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 176.0%
Here is a 5 minute graph

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Feels right this time!
Good afternoon, hope you're great, I think 1.0486 could be the resistance for today.
Quoting Js3mwtRc
{quote} After 5 waves usually price is retracing first at 23. 6 fibonacci level, but it can go all up to 61.8, or even further. It's good to take the levels one by one after you plot them on a Daily chart and then you can use them like, support/resistance and not only for a forecast of where price will travel next. Just remember Elliott Wave analysis can become more complicated from just simple 1,2,3,4,5 & A-B-C counts. Here is an easy tutorial of how to use fibonacci extension and retracement tool. http://forex-indicators.net/cycle-in...draw-fibonacci...
Thank you for the tutorial..
Quoting Ata-Turkoglu
{quote} Once/if wave 5 is complete depending on where we are we could have a series of WYX corrections.. Nothing is a guarantee that it will only go up from end of wave 5... Technically it is still possible that a new 5 wave move to the downside can start.. In other words... once wave 5 is done we must see how strong the main resistance area: 1.0488 can reject bulls.. Once at those lows what will hold bulls from rising is 1.0488 area.. Let's stay in the now.. Never worry for endless possibilities..
Yes agree with you, both up or down still we can get profits from market volatility..
looking some level to enter , 0453 not bad for a short to 0434 or 0409. lets see
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Quoting Ata-Turkoglu
With EURUSD it is almost always the same: once bears or bulls start they don't know how to stop... Here we see bears again selling and selling and selling probably until 0.0000
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Did someone mention parity???
...because you never know!
Quoting fxsport
{quote} {image}Did someone mention parity???
Nope.. My emphasis was on "EURUSD stubbornity"..
Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 176.0%
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