Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

Originally Posted by 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 and 0.786 fibo retracements. i rather to say wave 1,2, it looks like more than a correction form
if that s the case and 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

again the chart

[patricio_w]

There is no clearly defined count after the 25jan. Tha pair is still making new lows, so if its nothing clear, lets not invent it.
All i can say right now, is than the 1.1912 is the maximun correcttion for a Wave 2 or B, and my opinion is to be orientated to the Long side, looking and following the Oscilator on thje Over Sold Zone

My kindest regards to all

Mismo analisis en castellano ver richdad.com.ar

[patricio_w]

The Wave count Wav1 or A that should be completed at 25jan is not claerly defined by now, however the 0.618 fibi retracemets of that rally 1.1912 remains untouch, so thats why i keep my bullish scenario and i cuggestd to trade on the long side.

Todays high breaking the the prior minor swing high at 1.1986 show us than this correction should be complete or near completition.

Time projection remains intact, middle of February is still the projection of this Wave 2 or B

Kindest Regards to all of you


Mismo analisis en castellano ver el foro en richdad.com.ar

[wotzit]

Excellent Analysis, keep up the good work.
Here's one of my 60 min charts, I see this move up as corrective after my 161.8 fib expansion (your APP I believe) was hit.

[patricio_w]

breaking the 1.1986 like i said yesterday, the Wave A should be complete at 1.1923 (without breaking the 1.1912 i anunced) or near completition.Howerver this was (if it was) a very long Wave A, so the analysis is still alive, iam keeping my bullish vision, as i been saying.

The middle of February as a Price Proyection for this Wave B is still alive also, i think this Wave B should last between 14th and 17 of February.

So my recomendation is on the Long side, waiting for the opportunity on the crossover lines

Time Projection for Wave B: 14 to 17 Feb
Price Projection for Wave B: 1.2122 / 1.2269

For short-term long trades 1.1964 / 1.1945 / 1.1923 are very nice stops

Here s the 1h chart

Mismo analisis en español en richdad.com.ar

[liubuzhen]

anyone know if i can trade fx very successfully, and make profit , will my fx marketmaker stop me from using their platform and trading with them. coz they earn money from me ....

[wotzit]

Patricio
Have you got a longer term count so to see where you get your 1orA, 2orB analysis from? Maybe a daily chart then zoomed down to 4 hr chart?

[patricio_w]

Originally Posted by liubuzhen

anyone know if i can trade fx very successfully, and make profit , will my fx marketmaker stop me from using their platform and trading with them. coz they earn money from me ....

I can not undestand clearly what you really mean.
If you want to do your own trading i suggest you to start training yourself, not only in knowledge, also in physicological way, i can suggest you to read all books form Mark Douglas for example, and start to study technical analysis.
Ive got a lot of material if you need
Kindest Regards