Hi All,
I think the end is near for this pair as USD rallied despite the massively low employment figures. I seems like the remaining USD buyers are closing their orders which has creating an even bigger divergency across the board so a rally from EUR should happen imminently.
Here's a quick recap of my wave count of the final wave C which looks complete.
Starting from the low at 1.03411
Wave 1: Leading Diagonal impulse move to the upside.
Wave 2: Looking like an running wave A) double ZZ combo (WXY), wave B) Expanded Flat
Current wave C) I have counted the primary and sub waves as labelled with wave 4 fib extensions, wave 2 (ZZ) and wave 4 (Flat) - rule of alternation all met and wave 5 is an ending diagonal which is a terminal move so a change of direction is expected.
Hopefully we will see a big rally by EUR next week as it is the start of wave 3 in a bigger timeframe.
Best of luck all...
Don
I think the end is near for this pair as USD rallied despite the massively low employment figures. I seems like the remaining USD buyers are closing their orders which has creating an even bigger divergency across the board so a rally from EUR should happen imminently.
Here's a quick recap of my wave count of the final wave C which looks complete.
Starting from the low at 1.03411
Wave 1: Leading Diagonal impulse move to the upside.
Wave 2: Looking like an running wave A) double ZZ combo (WXY), wave B) Expanded Flat
Current wave C) I have counted the primary and sub waves as labelled with wave 4 fib extensions, wave 2 (ZZ) and wave 4 (Flat) - rule of alternation all met and wave 5 is an ending diagonal which is a terminal move so a change of direction is expected.
Hopefully we will see a big rally by EUR next week as it is the start of wave 3 in a bigger timeframe.
Best of luck all...
Don
ملاحظة
Hi All,Looking at the fall since last week's NFP and looks like the ending diagonal count I had is right.
I've now seen a wave 1 and 2 at a 5 minute timeframe so now looking for a wave 3 extension as marked.
Watch this pair carefully this week as it could make some big moves to the upside.
ملاحظة
GO LONG LONG LONG!youtube.com/watch?v=HkAUrka9bJY
منشورات ذات صلة
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.