Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

Touching January 12 at 1.2163 confirms that W2 is finished
If this is a W3, the possible first target is marked on the picture.
Following the oscilator, the crosovers on the OverSold zone is and excelent oportunity for Long positions
1.2659 is the MAximun target for a w3of 3, (162% of the December 30th Alternate Price Projection
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[patricio_w]

Originally Posted by patricio_w

Touching January 12 at 1.2163 confirms that W2 is finished
If this is a W3, the possible first target is marked on the picture.
Following the oscilator, the crosovers on the OverSold zone is and excelent oportunity for Long positions
1.2659 is the MAximun target for a w3of 3, (162% of the December 30th Alternate Price Projection
Para mismo analisis en español en richdad.com.ar

Now the Stochastic Oscialtor is clear crossovering on the OS zone, 1.2050 stoploss for a long position?
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[patricio_w]

Originally Posted by patricio_w

Now the Stochastic Oscialtor is clear crossovering on the OS zone, 1.2050 stoploss for a long position?
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and update of the prior chart shows the Oscilator on the Over Bought Zone at 1.2118, see the chart upload.
One of the posibilities y to take out (or already done) the possible entry, or at least into breakeven.
I still see a bullish count of the trend, and a new entry pint will be following the Stochastic on the 21.........
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[patricio_w]

Last update of the day, bullish count 60 m data

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[pelle64]

Hi Patrisio

I think that you are right but first the pair has to pay 1.2040-10 a visit before its ready to moove up again.

My moove today will be to buy when the pair hits SMA 100

Take care

[patricio_w]

Originally Posted by pelle64

Hi Patrisio

I think that you are right but first the pair has to pay 1.2040-10 a visit before its ready to moove up again.

My moove today will be to buy when the pair hits SMA 100

Take care

Dear Pelle,
Thanks for your comments, yesterday lows at 1.2048 shouldnt be broken, following my count bullish, if that happens we should see and ADCDE complex correction before takes the bullish scenario again, so your suggestion could be right to, we must wait and see for the best opportunity
Kindest Regards

[patricio_w]

Yesterday we were saying that only a break of 1.2139 (high WB) should be confirming than W2 is in place.
So far, its seams so.
Now only a break of 1.2048/50 will brake this analysis, into an ABDCE complex correction, instead of the bullish count i prefer to think
Here i post the update chart, keeping my bullish scenario for the hold week, traing to reach the target for a typical Wave 3
Following stochastic oscilator on the over sold zone with the crossover lines should be goog for long trades-

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[patricio_w]

We need now to break 1.2174 high of 16Jan, that breaking sould be signaling that W2:3 is complete or near completition.
1.2042 is the typical correction for a W2:3, thats is the 0.786 of w1
Breaking that point into the downside will signal that W2 is not really a w2, will signal than is probably a complex correction ABCDE
The oscilator is not in OB Zone, with the crossover lines in that zone, will be again a nice opportunity for long trades
See the chart bellow

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