eur/usd cycle analysis chart for week of July 6

[rezo_s]

Russell, what do you mean by "relatively"? Do you anticipate the price to go lower 1.13? Could you share your view please?

Regards.

[4xis2ez]

Stop moved to breakeven now, only risk now is getting nothing.

Rezo, I mean relative to recent price swings. I have no price targets for swing highs and lows. I really have no idea how far a market may move. My cycle analysis only invoves timing. I do look for support and resistance and base profit orders on that. Looks like support at 1.1300 or thereabout.

[rezo_s]

ok, I see.
Thanks.

[4xis2ez]

I took 17 pips profit on the above position as I had to leave for a while and I decided not to leave this open.
Market is oversold, I will look to buy the 3 low for a retracement of this downmove.

There could be another wave down on this cycle any time now. Remains to be seen how far it may go. Once a bottom has been made I will use fibo's to target a move up.

[4xis2ez]

Bought eur/usd at 1.1327 stop 1.1307, for the move to the 4 high on the above chart due around 0:00 July 8. Limit profit at 1/1385.

[Fire580]

WOW ..... it seems like your #3 low was very close - I'm impressed let's see what happens from here

[4xis2ez]

I should be stopped out, but I cheated. I lowered my stop 3 pips to 1.1304. My deal station so-far bottomed at 1.1306. Another poor entry on my part.

[4xis2ez]

Here is an updated chart.