Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

The five wave pattern that had begun on 6april it seams to be finished 10april.

If that the case, then a corrective rally to the upside should be coming, 0.500, 0.618 and 0.786 are the typical targets for that correction, than should be ending no far from this week.
So, for the short-term trade, following the oscilator the trend should be up for at least this week, i drawed a probable scenario on the chart

Middle-Long term trade remains un clear for me, regards

[patricio_w]

Originally Posted by patricio_w

The five wave pattern that had begun on 6april it seams to be finished 10april.

If that the case, then a corrective rally to the upside should be coming, 0.500, 0.618 and 0.786 are the typical targets for that correction, than should be ending no far from this week.
So, for the short-term trade, following the oscilator the trend should be up for at least this week, i drawed a probable scenario on the chart

Middle-Long term trade remains un clear for me, regards

The corrective rally up to the downside started on April 6th is reaching its target. I keep all the draws made on the last chart, and i add some ABC waves. At this moment its not so important the wave count, what it is important to see the trend. In my opinion, the multiday to the low has finished, an on the short term (this week or so) we should see the EC moving up.
My recomendation is to keep trading LONG, as i pointed in the last post. Note than 3 points are resistance as 1.2203, 1.2223, 1.2233, breaking those points we could see then see a 0.786 fibo correction, looking to test 1.2276.
About middle-long term trade see the dayli chart, it remains unclear for me yet
Regards to all

[patricio_w]

Originally Posted by patricio_w

The corrective rally up to the downside started on April 6th is reaching its target. I keep all the draws made on the last chart, and i add some ABC waves. At this moment its not so important the wave count, what it is important to see the trend. In my opinion, the multiday to the low has finished, an on the short term (this week or so) we should see the EC moving up.
My recomendation is to keep trading LONG, as i pointed in the last post. Note than 3 points are resistance as 1.2203, 1.2223, 1.2233, breaking those points we could see then see a 0.786 fibo correction, looking to test 1.2276.
About middle-long term trade see the dayli chart, it remains unclear for me yet
Regards to all

It seams my anlysis is inthe correct trend, took the 3 points today, broke the 1.2276 for a few pips, now made a correction.
I am buying now at 1.2250 with SL at 1.2240

[firefly]

Hey Patricio W. We miss your analysis


Firefly

[firefly]

Anyone heard from Patricio ???

[Xaff]

Hi all!

It's been a long time without update,
I'll share my ew count with you.
Looks like we're heading northward for at least the next few days.

Will try to update more often :-)

[Xaff]

Hi!

Looks like I need to update my wavecount because
we're clearly having another 5wave downward movement
which should be the greater degree terminal wave5.
We'll need to watch those confirmation levels.
Golden trendline is expected to hold.
Will try to update should something unexpected happen.

Have a safe trading day!

[Trendliner]

If eur/usd holds at approx 1.2530 - are you next expecting a nice wave up ?Thanks in anticipation of reply (am just learning right now)......