Well Paco, I think that is a good call. I triggered last night short with a stop on the upper trend line at .9344. Although, I do think that upper line is a little flat, at least on my chart.
Good Luck.
hi aerocom,
yes,the upper trendline is a bit flat and also e didnt even touch a-c. so its possible that we're still in d now and 0.9327 will be taken out. i'm also short with the stop @ 0.9335
good luck to you!
Remember my cup/handle chart on eurusd from yesterday?
Look what I found today, this is a probability, a very bullish one on the longer term. Very bearish on the short term.
I changed the labelling a bit. I decided to go with the possible zig-zag from 4871. Wave A=C at 5348 and 61.8A=C around the double top area of 5216. This could be the turning point back to yearly lows, but im sticking with the 38.2 retracement of the 6457-4871 decline @5477, before another big drop.
I'm counting the 4871 low as a truncated wave 5 of the wave 3 from 6457 decline. Being that 5342 wave 1 of 5 of 3 has been exceeded I'm considering wave 3 of a possible ending diagonal completed. Not long yet but had considered going short at 38.2 of 6457 decline @5477. Have reason to believe in the ending diagonal so I may push my sell entry up the fibo levels based on price action. I like a double top at 6457. Will try to go long if the wave c of A ever finishes. If this a wave 3 of A then I have a long wait.
Looking for an intra-day high at 90.11 in CAD/JPY Daily ----->
oh man, dont short this pair. She almost completed B wave triangle. moreover, the very ugly news for the bears would be if it forms running triangle depicted below if 90.5 is taken out. But you did sell ucad didnt you? why do you think that cadjpy is gonna dive? Thanks, Pacos.
edit: the only bearish count that comes to my mind has Neely's neutral triangle in it
Hi laurentius, nice wave count
I have a similar count to yours with a possible first target for wave 5 of "c" around the 1.4370 area, which would be wave 1 = 5.
As you can see from the first chart below that I posted back in Jan I was watching the same thing...
I am wondering if maybe we don't have an ED here...Price would need to stay below 124.25ish so that 2 is shorter then 4 and then down to 188.00 which is a 76.4% retrace of A.
Either way..this count or yours.. there is not much difference in price action...
Hey EZ, this count seems to be trucking along ok.
I took a short position yesterday @124.84 when price tried to push through the upper channel line for SIX HOURS....and was rejected..
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Originally Posted by aerocom
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