Stock markets look like they have some more to drop before reversing - which means that I don't think we have found the EUR/USD low of the day just yet
Stock markets look like they have some more to drop before reversing - which means that I don't think we have found the EUR/USD low of the day just yet
EUR/USD 5 min
Hmmmm, this market is known for surprising us, isn't it?
Notice I didn't say good morning as we have traders from around the clock. Nice forum, yes I agree Clive.
This chart looks good everything I explained in it, except (I don't like this word) 12H bar to the downside. So cautiously.
You got wave 4 below top of 1 which is why I suggested the Y wave in a triple corrective - all the same in direction if it reverses up although another 5 waves in a triple might sting a little more for those hoping for more downside if it does not materialise. It is only Monday morning!!
Very good Alejandro and hope you did too. It is amazing how this global forum is continually supported almost 24-7 by the contributors - not a lot of sleep going on anywhere if you ask me!?
Thank you Clive - I had a brilliant weekend here in London - Great food, friends and networking.
Yes this forum is great. A lot of knowledge in a tiny space! You get a lot of different setups which one could work with.
You got wave 4 below top of 1 which is why I suggested the Y wave in a triple corrective - all the same in direction if it reverses up although another 5 waves in a triple might sting a little more for those hoping for more downside if it does not materialise. It is only Monday morning!!
You're right, labeling is wrong but you get it, is corrective (WXYXZ) not impulsive and it may not overshoot either. Either way I believe is going there based on studies.
Looks like a little triangle on the short term chart - these are presumed penultimate moves, so a spike down to the 61.8% retracement might be about it. Keeping alert for reversal up here, whatever count it may end up being.
Could be another push down to produce a 15min higher low or a lower low w/ positive D. But the 30min and 60min CCI have already crossed over (albeit from lower than normal levels indicating the possible push down) so everything should turn out to the upside.
Looks like a little triangle on the short term chart - these are presumed penultimate moves, so a spike down to the 61.8% retracement might be about it. Keeping alert for reversal up here, whatever count it may end up being.
yep nice--3110 im looking for
may extend to 3085 then erection section possible
Take your profits or the market will take it from you....
Which website you use for Real-Time Economic Calendar?
try talking-forex.com
I think you can access the online broadcast through zerohedge.com for free. if not, you can subscribe for about $20 a month. Good service
yep nice--3110 im looking for
may extend to 3085 then erection section possible
I'll try not to get too excited with them around! Looks like it might be morphing into an ending diagonal but all the same. Going to create a reversal pin bar on my 240min if keeps on like this and snaps back before 2pm. If ED, expecting a dive first which would fit your wishes.
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Originally Posted by Alejandro Zambrano 
You get a lot of different setups which one could work with.
