EURCAD moves in similar pattern to that of USDCAD with a time lag? both retracements targeting base of minor wave (ii). {image}
Elliott Wave for optimum entry, exit and risk management of trades
- #221
- Sep 6, 2014 11:33am Sep 6, 2014 11:33am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
- #223
- Edited 11:28am Sep 13, 2014 11:15am | Edited 11:28am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} Good analysis skyhok, It worked like a charm. looking forward to see more of your charts. Thanks. usasa. {image}
Yes, target is reached, while looking at past terminating patterns, there is still a possibility of a final push down to complete the wave, or it might just retrace 61% and advance from there. So be prepared for the reversal.
Elliott Wave for optimum entry, exit and risk management of trades
- #224
- Sep 18, 2014 1:12am Sep 18, 2014 1:12am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Possible target for reversal.
Elliott Wave for optimum entry, exit and risk management of trades
- #226
- Sep 19, 2014 3:41am Sep 19, 2014 3:41am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
EURCAD zeroing-in on a narrow target zone to complete final wave down before reversing, and I agree it will be a strong uptrend.
Elliott Wave for optimum entry, exit and risk management of trades
- #228
- Sep 19, 2014 7:41am Sep 19, 2014 7:41am
{quote} talking about short-term seems like in a down-trend as depicted by formation of descending trend-channel on 4-hourly chart. Vulnerable to drop towards 1.4040 support zone, marking the lower trend-line support of the descending trend-channel. {image}
- #229
- Sep 19, 2014 10:23am Sep 19, 2014 10:23am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} and here you go...
Elliott Wave for optimum entry, exit and risk management of trades
- #232
- Oct 10, 2014 5:11am Oct 10, 2014 5:11am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Patience has been the requirement for this pair for the last month or so, watching it forming a terminal pattern of a horizontal contracting ED on the [v]th wave, forming multiple bottoms near the presumed target for reversal - nature's at work.
Is it worth waiting? Trading wise, it's accumulating for the momentum of upswing. It's a matter of when will it happen. A buy stop above present price and leave it alone?
Is it worth waiting? Trading wise, it's accumulating for the momentum of upswing. It's a matter of when will it happen. A buy stop above present price and leave it alone?
Elliott Wave for optimum entry, exit and risk management of trades
- #233
- Oct 12, 2014 2:50pm Oct 12, 2014 2:50pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #234
- Edited 9:19pm Nov 3, 2014 12:34pm | Edited 9:19pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
I think the termination of wave (4) has finally evolved in a truncated or failed wave (v) down, and now beginning its advance on the (5). Thus, a clean and valid (2)-(4) bottom channel can be drawn.
Elliott Wave for optimum entry, exit and risk management of trades
- #236
- Nov 12, 2014 7:53am Nov 12, 2014 7:53am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
wish me luck
- #237
- Nov 13, 2014 9:39am Nov 13, 2014 9:39am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
wish me luck {image}
- #238
- Nov 13, 2014 10:31pm Nov 13, 2014 10:31pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote}
