Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

Originally Posted by Cwave

Hello petricio_w

thanks for the comments i have this usd-chf chart you might be able to analyze it... i am just looking at it and wondering ... not 100% elliot cause i dont make elliot wave but possible 1-2-3? dont know.. if possible could you please take a look? daily chart
regards

-cwave

As you already might know, USD/CHF operates into the inverse way of the EC, its like a mirror. Sometimes when i can not see very clear the EC i take a look at the CHF. For my vision we are reaching the TOP pf the rally to the upside. The upside shuold be limited by the 1.618 external fibo retracements at 1.3111, already brook 1.3071 that was one of the typical external retrac. 1.272 fibo.

So, the upside is finish, like the downside of the EC?

About your chart, i dont the after the W5 a clear count, but it doesnt matter really if its an ABC or an 1 to 5 waves, for me its more impulsive than corrective, but lets suppose than your chart is correct, WB can still correct the 100% of the WA, so at the same of my analysis, we dont know yet if the upside is finished, what we can say is if its not finished is near to be complete, i will prefer the SHORT trades for the pair

Kindest Regards

[Cwave]

Originally Posted by patricio_w

As you already might know, USD/CHF operates into the inverse way of the EC, its like a mirror. Sometimes when i can not see very clear the EC i take a look at the CHF. For my vision we are reaching the TOP pf the rally to the upside. The upside shuold be limited by the 1.618 external fibo retracements at 1.3111, already brook 1.3071 that was one of the typical external retrac. 1.272 fibo.

So, the upside is finish, like the downside of the EC?

About your chart, i dont the after the W5 a clear count, but it doesnt matter really if its an ABC or an 1 to 5 waves, for me its more impulsive than corrective, but lets suppose than your chart is correct, WB can still correct the 100% of the WA, so at the same of my analysis, we dont know yet if the upside is finished, what we can say is if its not finished is near to be complete, i will prefer the SHORT trades for the pair

Kindest Regards

thank you again i my self is also watching 1.3137 -50 holding for chf
thanks for your comments
regards
-cwave

[Cwave]

Originally Posted by patricio_w

As you already might know, USD/CHF operates into the inverse way of the EC, its like a mirror. Sometimes when i can not see very clear the EC i take a look at the CHF. For my vision we are reaching the TOP pf the rally to the upside. The upside shuold be limited by the 1.618 external fibo retracements at 1.3111, already brook 1.3071 that was one of the typical external retrac. 1.272 fibo.

So, the upside is finish, like the downside of the EC?

About your chart, i dont the after the W5 a clear count, but it doesnt matter really if its an ABC or an 1 to 5 waves, for me its more impulsive than corrective, but lets suppose than your chart is correct, WB can still correct the 100% of the WA, so at the same of my analysis, we dont know yet if the upside is finished, what we can say is if its not finished is near to be complete, i will prefer the SHORT trades for the pair

Kindest Regards

I was trying to put the retracement exactly as you said and started to make sense i thought of 0.786% -80 should hold but as you said the move could be impulsive and we dont know yet about the 100% Wa do you have any long term analysis for this pair?.

regards
-cwave

[patricio_w]

Originally Posted by Cwave

I was trying to put the retracement exactly as you said and started to make sense i thought of 0.786% -80 should hold but as you said the move could be impulsive and we dont know yet about the 100% Wa do you have any long term analysis for this pair?.

regards
-cwave

This upside is impulsive as the downside of the EC. CHF is making new highs as EC is making new lows.
That is a signal than a multi-day upside is finishing, if its not already finished. 1.3111 was broken too, that was 1.618 external Retracemnts. As the same on Euro, the count is not so important right now, what is important is than we are reaching price and time targets for the upside.
My long-term view is to the downside, should last several months. We have to be pacience, an stay alert to the trend reversal, next couple of weeks are very important to these analysis

Kindest Regards

[patricio_w]

10080 minute data

Typical price target for this correction between red lines, the same chart i being posting last month.
Time projection is 7 of April
The idea of Nov low is a W5 remains solid. For that the typically corective rally is about the 50% retrac, and should be not complete until 7 of April
If Jan27 hogh is a Wave 1 or A, the trend reversal on the oscilator on the Over Sold Zone should be coincidence with the W2 or B low, and ideally should be completed on 1.1784
See chart belove please

1440 minute data

After Nov low i can see clear a five waves pattern, is that the case Jan high should be a Wave 1 or A, as a being posting, of the corrective rally. The decline of Jan high is rather impulsive than corrective, so this is Wa:2 or is a Wave B, most likely for me. If that the case, this correction should be not complete until middle of march, if the Wave A is complete at 1.1784 of course
See chart below

60 minute data

At the same time i was doing tis analysis, the 1.1955 was taking out as i posted last week, so Wave 1 or A should be confirmed, now looking for 1.2024, and then finishing on the idel price targets at 1.2091 1.2145.
This Wave 2 or B should be finishing by the end of Feb
See chrt below

Conclusion
Traders should be orientated for the long side, floowing the oscilator on 21.... for 60minutes, and 8..... for daily and weekly, trend reversal on the Over Sold Zone are good fro olong positions

Have my kindest regards

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[patricio_w]

With the rally yesterday above 1.1930, signals than Wb:B of 2 or B should be complete, and the Wc:B of 2 or B should be ending around 1.1990 (typical price target), by tomorrow, if its not already complete

Now after today, or maybe tomorrow, a decline bellow Feb 22 wil, signal than WB:2 or B is complete, an then a rally below the Feb16 should follow

Oscilator on all time frame are bearish, in my opinion traders should be orientated to the short trades

Kindest Regards

[maziar]

Hi Patricio_w
Many Thanks For your good analysis
You are kindly pleased to help me about my problem that:
How can I import the data file from my platform Metatrader To DT4 .
Thank you
Best Regards

[patricio_w]

Originally Posted by patricio_w

With the rally yesterday above 1.1930, signals than Wb:B of 2 or B should be complete, and the Wc:B of 2 or B should be ending around 1.1990 (typical price target), by tomorrow, if its not already complete

Now after today, or maybe tomorrow, a decline bellow Feb 22 wil, signal than WB:2 or B is complete, an then a rally below the Feb16 should follow

Oscilator on all time frame are bearish, in my opinion traders should be orientated to the short trades

Kindest Regards

The EC broke the two points we mencioned, now we need to know if 1.1825 was the w5:C of 2 or B, or was the W3:C of 2 or B. In my opinion i think we shall see a more bearish count, that will coincide with the 0.786 on the dayli chart, around 1.1787, but this is just an opinion.
Traders must be alert to the trend reversal on the Oscialtors, this Wave 2 of B is finishing in price and time targets, if is not already finished

Again, in my opinion the orientation is still on the short side, we still have some days on the south, before we can see the reversal.

Kindest Regards