Hi there, EURUSD almost have completed the bullish B wave which we were looking from bottom. We are looking for reversal from top. EURUSD has moved a lot. Watch for sell from top on any bearish signal. Last week it has closed strong bullish currently there is not any sign on lower time frame for short.
In case market opens with Gap up or down simply look for short.
Once you trigger the trade just keep in your mind that the bearish wave can take up to 60 or 70 days for completion so patience is required for this big wave. In case if you are not happy with that then you can look for small trader setups on lower time frame once we will see the bearish wave for that follow me on lower time frame.
Agree but I predict the reversal will take place at 1.24-.1.25
OmarNAMOUCHI
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Hi Imran,
We share the same analysis for this paire, i'm greatful to you for sharing this chart,
Using the fibonacci time zone tools, the end of the wave (C) could be forcased in within 62 days as munchended above,
I hoppe that everythink will goes as forecasted,
im still wondering how u make and confirm thee upper trendline when the (B) wave itself has not completed..when the price move more extension upside, the upper trendline will be invalidated and it kept on getting steeper upside...once we see price reject on monday and we sees strong bearish candle close(rejection), then we know new resistance is formed..then thats the time u update the trendline to the next top
OmarNAMOUCHI
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@Archaicsiman, Hi, "almost have completed " based on the market (Players) behavior we can asume that this corrective pattern is Flat formation, so the forecat of the termination of (B) wave will be at the level of the start of (A) wave and it's possible to be beyond it in case of the expanded Flat.
I hope my answer could help you,
Bigstack
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Lord help you with your ideas
baderocks2
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how do you have those imaginary candles
EnhancedTrading
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no
Tarder
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@Trevf98, Can I ask why do you say no? On your own chart you've put that you've closed as target reached. What is your outlook? I had it as a possible quick a and b, then long drawn out c ending in November to complete 4, then up in a possible ending diagonal, but the overshoot on Friday looks a bit strong. Or, an expanded flat at the highs was a second option. I can see GBP/USD topping but EUR/GBP should fall, which means EUR/USD should fall even more.