Clear Recomendation For EUR/USD (Elliot Analysis)

[Pipmaster]

Good work ! I am thinking of going long around 1.2045 -> 1.618 projection

[patricio_w]

Originally Posted by Pipmaster

Good work ! I am thinking of going long around 1.2045 -> 1.618 projection

AN EXCELENT IDEA MY FRIEND
you risk only some pips
cheers

[patricio_w]

Look at the crossover on the Over Sold Zone, now its a goog oportuntity if this is a correct analysis.
Look at the two blacks lines, one is the low 1.2045, the idea is to put the stop loss 1 pips below 1.2044, the other black line is the high after the crossover, so the idea is to enter there 1.2064, is 20 pips stop loss, acceptable margin, and possible run till 1.2220, see the chart below

[patricio_w]

Originally Posted by patricio_w

Look at the crossover on the Over Sold Zone, now its a goog oportuntity if this is a correct analysis.
Look at the two blacks lines, one is the low 1.2045, the idea is to put the stop loss 1 pips below 1.2044, the other black line is the high after the crossover, so the idea is to enter there 1.2064, is 20 pips stop loss, acceptable margin, and possible run till 1.2220, see the chart below

This is the corect updated chart

[Pipmaster]

Hi Patricio,

I have 3 lots long on eur.usd at 1.2045 but I will place a stop at 1.2025 ... The risk reward is good as you say with possible target of 1.2200 (I prefer 1.2400)

[shaji]

Originally Posted by Pipmaster

Hi Patricio,

I have 3 lots long on eur.usd at 1.2045 but I will place a stop at 1.2025 ... The risk reward is good as you say with possible target of 1.2200 (I prefer 1.2400)

Hi

It is not a good idea to sell Euro now until the trend change. Friday you will see big move.Once the trend change you can buy.Sell at high for the time being.

regards
shaji

[shaji]

Originally Posted by shaji

Hi

It is not a good idea to sell Euro now until the trend change. Friday you will see big move.Once the trend change you can buy.Sell at high for the time being.

regards
shaji

Hi

Sorry mistake
I mean buy
Hi

It is not a good idea to BUY Euro now until the trend change. Friday you will see big move.Once the trend change you can buy.Sell at high for the time being.

regards
shaji

[Pipmaster]

Shaji .. euro is now at 2057 and I have +12 pips enough to place my stop at entry and have a free ride ...