Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

"The Euro has bottomed?" Madaam Babushka scoffs at that remark as She prepares for another Weekend in South Beach.
She is something else as She transitions from Seer to Civilian. You can drop the Madaam on the Weekend and call Me Bee!

Originally Posted by PoundGuy

The EUR has bottomed

Originally Posted by Colly

Oooooooo Mssr.'s AyoBro and Stanchiam, where are you, where are you ?????.

Yesterday I was bleating on about questioning ourselves about this being ready to complete the 5 down because that would entail thereafter a series of impulses to the sky and beyond.

In my quietness and whilst dying of boredom watching the minute chart I figured it may be time to check in on my own answers to those questions and ding dong lookie what I found here that ties in completely with what I was saying about the indecisiveness of a Wave 4 and that the most probable event would be a triangle.

Now maybe I am just making it fit my view but I think that by Wednesday or so next week that the road map shall be as clear as a candle flame in darkness.

What you guys think ?

Colly
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Everyone is pondering your state of mental health...

Sean and bill just pulling your leg but will bottom at some point

Whatt ever happens the Euro Will bottom next week if it doesnt then it will have to drop another 500 pips next week only

Originally Posted by Sean Hyman

Don't confuse the market "drying up" as the week comes close to a close as a "bottom".

When you're long in a downtrend its easy to want to see them but "the trend is our friend" always...and the "counter trend" is our enemy.

Originally Posted by PoundGuy

The EUR has bottomed

May you attach a chart in order to show your point of view , thanks .. here is mine .. I may agree .. looks to be held by a bullish trend ?
i don't know .. EURUSD 15 min
؛×؛×؛×.doc

Originally Posted by Mary R

Everyone is pondering your state of mental health...

I shall over-look that remark

Originally Posted by PoundGuy

Sean and bill just pulling your leg but will bottom at some point

Yes, but at 1.20? 1.00? 50 cents? etc....that's the question. hehe!

ONly God (and Madam Babushka) know when it will bottom. Until then mere mortals need to go with the trend

Its a short term bottom but only the market will decide how high miht even go to 1.29 or more

The alternative is it continues down until 1.16 will post chart over the weekend

In the chart i will post maybe sunday you will see we might be in extended wave 3 which is in a triangle with a flat line which should be broken.

Confirming the move to the downside which will probably be big

Originally Posted by PoundGuy

Its a short term bottom but only the market will decide how high miht even go to 1.29 or more

The alternative is it continues down until 1.16 will post chart over the weekend

I will look forward to your chart. Of course it will bottom out - I have heard predictions anywhere from parity to .83. It depends on the news and economic environment we are in over the next few months

When am I going to meet Madam Babushka everyone is talking about?

Here is the amended Chart relating to that shared earlier:

This time it includes a middle 3 Zigzag to form X

Colly
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We should have a gap to the downside come sunday if not good Shorts just near where the drop started today

I could have it up now but i might miss out a few detail i will have some peacefull time at the Church tomorrow to keep watch on an open day should be able to get some work done

Originally Posted by Mary R

I will look forward to your chart. Of course it will bottom out - I have heard predictions anywhere from parity to .83. It depends on the news and economic environment we are in over the next few months

An interesting lesson watching indicators (for me at least) today.

Slow Stochastic crosses spotted buy and sell opportunities perfectly on the 30 minute chart. No Stochastic pops. Nice pips to be had. The BB and RSI looked good too.