Deltoid88
Master Sergeant
- Messages
- 277
Update on EUR. It looks like wave 5 of wave 5 on EUR started after completion of triangle in wave 4, so we are headed for new high above 1.1347. However, when that new high is reached I expect sharp downside action to start because wave 3 of much higher scale could be under way. New high above 1.1347 should be capped by length of wave 3 of wave 5 on 1.1415 level which can be used as stop loss level for short positions. I expect new high to be placed in range 1.1355-1.1390, not higher then that.
1 H chart:
1st position, long entry in zone 1.1320-1.1335, SL zone = 1.1289-1.1305, TP zone = 1.1355-1.138
2nd main position, sell entry in zone 1.1355-1.1390, SL=1.1415, TP zone < 1.11
1 H chart:
1st position, long entry in zone 1.1320-1.1335, SL zone = 1.1289-1.1305, TP zone = 1.1355-1.138
2nd main position, sell entry in zone 1.1355-1.1390, SL=1.1415, TP zone < 1.11