Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

Well, everything went so quick, it seams than W4 is complete, with the last low at 1.2250 (far from the 1.2163 i said), an the new high 1.2323 (13 pips uper the 24jan high), is W5 complete??, or should be complete?, at first view it seams so, i missed the opportunity to take it in.
If, if, if W%:3 is in place, if it is coplete at the new high of 1.2323we shall see a correction of the Hold W3 at 0.500 or 0.618 ratios, that is traduced between 1.2164 and 1.2126, thats the price analysis, about the time projection of this correction, it should be terminated between 30jan and 1 of february, if not, we have to rebuilt the analysis
About trading, well following the Oscilator on Over Bought zone, go short its a nice opportunity.
Not respecting the time projection or breaking the 1.2323 are the two possiblities of re biulding the analysis.

Sorry for not posting charts, iam on vacation till Sunday

Kindest regards to all

[pelle64]

Im maybee wrong but we are currently in the END of wave 4. The 5 th wave starting at 1.2180 - 1.2020.

One of the best thing with this job is - youll never know if you are right :-)

Take care

[pelle64]

OPS - sorry :-) 1.2180 - 1.2220

[surfer11]

Excuse my ignorance as I am a true amateur at all of this and just trying to understand. As the EUR/USD isa bout 1.2247, do you mean that the EUR is going to drop and then range between 1.2180 and 1.2220?

Thank you in advance,

Surfer1

Originally Posted by pelle64

OPS - sorry :-) 1.2180 - 1.2220

[pelle64]

The pair Eur/Usd is most likely fall down between 1.2220-1.2180 before we can go north.

The pair is now trading 1.2254

www..com is the sait for all that want to trade

[123qwerty]

Hi Pelle64, patricio is doing a good job here and I am sure that you too would be able to do a good job providing your interpretation of how the waves unfold. But please refrain from cluttering up this thread, start your own new thread and update it regularly. It seems to me that you should cast your net and do your fishing in your own space.

Good luck and best wishes

[josephforex]

121.95 hit

Look to go long 121.83

SL 121.62

TP 122.46

PS, great info Pat on waves

[patricio_w]

My friends, here iam again on the arena. Nice 5 days vacation.
Lets start saying than the Euro is still doing an excelent movement, something than all books about Elliot Wave wants, a nice scenario with perfects Waves

If you remember my last, we were saying than a correction must finish about 1 of Feb max, an i draw a chart with a typical correction on 0.500 and 0.618 that was 1.2126, well if you see the same chart now, this correction rebouted into 0.786 fibonacci ratio, not typical ratio for this correction, but still an important one

If this is it shoud be finished in 1.2072, so time and price were correct, and we will see now a rally up. But we have to take care of something, if the Dec low till 24Jan high, if all of that rally is a W1 we could see then a correction till 1.1990 to 1.1913, thats why all of this analysis is not so clear

For those who wants to take the risk, 1.2072 is a nice stop loss to go long, waiting fo the oscilator on the crossover reversal bullish

Today i will post the hour chart a a nwe weekly chart, be patience.

Nice to be back