Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

I see a good opportunity for a Long trade if this cle forming in 60m data between 15.00 1600 GMT touchs 1.1982 (one pip above the prior cle) then there is a good chance with a stop loss one pip behind the minimun 1.1960

Kindest Regards

[Cwave]

Originally Posted by patricio_w

I see a good opportunity for a Long trade if this cle forming in 60m data between 15.00 1600 GMT touchs 1.1982 (one pip above the prior cle) then there is a good chance with a stop loss one pip behind the minimun 1.1960

Kindest Regards

hello again patricio_w

your charts if [b] goes below [5] it could still be a valid trade? irregular correction is the name? if b extends 5?

thanks.

[patricio_w]

Originally Posted by Cwave

hello again patricio_w

your charts if [b] goes below [5] it could still be a valid trade? irregular correction is the name? if b extends 5?

thanks.

Wave B could be flat could be even correct 1.618 retracement of the Wave A also.
Not evarything has to be so perfect it corrected a little bit more than the 100% what iam doing is take advantage on the trend reversal later on maybe this is not a Wave B but the idea is to trade the trend reversal lets see how is it goiing
Kindest Regards

[Cwave]

Originally Posted by patricio_w

Wave B could be flat could be even correct 1.618 retracement of the Wave A also.
Not evarything has to be so perfect it corrected a little bit more than the 100% what iam doing is take advantage on the trend reversal later on maybe this is not a Wave B but the idea is to trade the trend reversal lets see how is it goiing
Kindest Regards

thanks i was not sure about the structure of wave[b] i thought it can't retrace more than [5] only in some instances which are rare maybe again i am wrong thank you for guiding.

regards

[patricio_w]

Originally Posted by Cwave

thanks i was not sure about the structure of wave[b] i thought it can't retrace more than [5] only in some instances which are rare maybe again i am wrong thank you for guiding.

regards

But this is not the case it seams to be more Wave A it seams than Wave 5 is not already complete lets wait some more i think i must re built the analysis

[patricio_w]

The first impretion was incorrect the Wave 5:5 was not in place either complete. It seams this is a long Wave 5 i did not make all the Alternate Price Projection Retracements on the chart because is too much lines too much subdivision.
What i can say is than EC is reaching its bottom the W5:5 is near completition if is not already complete 1.1953 was one of the targets the other possible is 1.1927 the last one of my analysis is 1.1912.
i still insist on the Long side remember we are in W 2 or B this should be a correction lasting till middle of february.
If i am correct this Wave A is complete or near completition a Wabe B to the northside should be see wait again to the oscilator in position of Over sold zone kindest regards to all

[patricio_w]

Originally Posted by patricio_w

The first impretion was incorrect the Wave 5:5 was not in place either complete. It seams this is a long Wave 5 i did not make all the Alternate Price Projection Retracements on the chart because is too much lines too much subdivision.
What i can say is than EC is reaching its bottom the W5:5 is near completition if is not already complete 1.1953 was one of the targets the other possible is 1.1927 the last one of my analysis is 1.1912.
i still insist on the Long side remember we are in W 2 or B this should be a correction lasting till middle of february.
If i am correct this Wave A is complete or near completition a Wabe B to the northside should be see wait again to the oscilator in position of Over sold zone kindest regards to all

sorry this is the update chart

[patricio_w]

while the Dtoscilator is entering on the over sold zone it will be a new chance for a rally to the northside. This posible minor Wave A or 1 was corrected (if its complete) by aminor Wave 2 or B bwetween 0.618 0.786 fibo retracements. i rather to say wave 12 it looks like more than a correction form
if that s the case possible minor wave 2 is in place at two pips above the 0.786 then possible Wave 3 or see is coming. Ill be wait for the oscilator to be in correct place to extend this analysis

Kindest regards