Euro Elliott Wave Counts for Daily, 4-Hour, 60-Minute Chart
Euro may be completing wave 3 down and a wave 4 counter-trend rally higher may begin shortly. This should give Euro bears a better and higher entry to get short for continuation of the decline. As long as the 1.2554 wave 1 low is not violated, the bear move should continue.
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I closed all my positions and made good money. Now I am techie enough to hope the euro to go high so I can short again
Excellent - well done - and well done to your staying power. I admire that. I have a baby short position open at 1.2315 and like you, I will wait for a pop up to go heavy short again. I am hoping for NFP data to help our cause.
Last edited by EuroTraderApp; 07-05-2012 at 10:17 AM.
Excellent - well done - and well done to your staying power. I admire that. I have a baby short position open at 1.2315 and like you, I will wait for a pop up to go heavy short again.
I closed all my positions and made good money. Now I am techie enough to hope the euro to go high so I can short again
Well done all you bears it's been a good day so far, still holding short from 1.26097. Just wanted to say be careful of any big correction, last May the corrections on the drop were very small and I would expect the same any big correction could end up another rally.
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Thank you
Alejandro
Last edited by Alejandro Zambrano; 07-05-2012 at 12:16 PM.
Rode it from 1.253 down to 1.2385, adding to the position partway down. Then I got a little greedy when it dipped below 1.238, entered again but had to get out when it went a dozen pips against me. Currently shorting USD/JPY and NZD/USD which both got rather high and look like they could come down, but are currently just sitting.
I am hoping euro retraces and consolidates a bit so I can ride it down from higher. My Line of Death at 1.225 should be the first place it actually makes a sharp rebound off of, but I am hoping, for the continent's sake, that it can break that on second or third test this time around.
London session review and outlook July 5 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.
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Alejandro Zambrano
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- to the bears, to parity!
Originally Posted by stkelrey 
