Forex EUR/USD Daily Video, 21 August, 2019

Sive Morten

Special Consultant to the FPA
Messages
13,541
Good morning,

Today we find the clue to EUR on Dollar Index chart:


The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 

minimax

1st Lieutenant
Messages
1,456
This is how I see it.
This should be ZZ into Y, limited with 1.1130, but This could be just A wave so I expect pullback at least 50% of whole leg up.
Break of 1.11312 (mine price level) could tell that low is in place and wee should expect above 1.1250, BUT this, even if we go above, to me is just a correction and I expect another ABC leg down below 1.10268.
Must add, that target 100% of wave W is hit BUT I do not se any waves so I expect break up to 1.11312 max.
PS
Must confess that yeterdays leg up is choppy and has waves on 5M chart...
 

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minimax

1st Lieutenant
Messages
1,456
This is how I see it.
This should be ZZ into Y, limited with 1.1130, but This could be just A wave so I expect pullback at least 50% of whole leg up.
Break of 1.11312 (mine price level) could tell that low is in place and wee should expect above 1.1250, BUT this, even if we go above, to me is just a correction and I expect another ABC leg down below 1.10268.
Must add, that target 100% of wave W is hit BUT I do not se any waves so I expect break up to 1.11312 max.
PS
Must confess that yeterdays leg up is choppy and has waves on 5M chart...
All this for 20-30 pips? Well...
 

ED SCHAFFER

Corporal
Messages
72
This MUST be worth more than 20-30 pips! Double headed beast!
Hey Minimax > a profit is a profit & you will never go broke when you are nailing down steady profits even if they are small at that. The really big moves don't happen every day but you do need to be ready for them when they do happen as they are the trades that really build up your account equity. Cheerio.
 

minimax

1st Lieutenant
Messages
1,456
No strenght yesterday and we are in tripple three so this was best buy opportunity zone for some time, in my oppinion of course

He had to!

9.35 CET: We might alreday be in Z wave which is limited @ 1.1150 but COULD develop into an impulse, probably for making high above 1.1250. Depend ob gold making break into 3rd wave.
 

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