Pending French Election - A trigger for EUR BULL's to return?
Hi All,
A lot of anxious and undecided trading in the market towards the end of last week which is expected pre elections. However, the predictions/counts I have posted on here has been bang on and I anticipate this to continue with a surge by EUR
Here's a quick recap of my wave count from the running flat I posted.
Starting from the low of wave C of a running flat at 1.0565 which finished with an Ending Diagonal.
Wave (i): 5 Wave Impulse move up
Wave (ii): Double ZZ combo (WXY),
Wave (iii): 3rd wave extended to 423.6% Fib extension ratio
Wave (iv): Flat correction (Wave (ii) vs (iv) - Rule of alternation all met)
Wave 1 complete
From the top of wave 1, a Flat Correction completed which terminated shy of 50% retracement followed by a clear impulse up.
It will be interesting to see how round 1 results on Sunday night plays out but with all the key indicators met on my USD post, a start of wave 3 in a bigger timeframe could be in play as of Sunday.
Best of luck all...
Don
A lot of anxious and undecided trading in the market towards the end of last week which is expected pre elections. However, the predictions/counts I have posted on here has been bang on and I anticipate this to continue with a surge by EUR
Here's a quick recap of my wave count from the running flat I posted.
Starting from the low of wave C of a running flat at 1.0565 which finished with an Ending Diagonal.
Wave (i): 5 Wave Impulse move up
Wave (ii): Double ZZ combo (WXY),
Wave (iii): 3rd wave extended to 423.6% Fib extension ratio
Wave (iv): Flat correction (Wave (ii) vs (iv) - Rule of alternation all met)
Wave 1 complete
From the top of wave 1, a Flat Correction completed which terminated shy of 50% retracement followed by a clear impulse up.
It will be interesting to see how round 1 results on Sunday night plays out but with all the key indicators met on my USD post, a start of wave 3 in a bigger timeframe could be in play as of Sunday.
Best of luck all...
Don
Transaction en cours:
Trades triggered and looks like wave 3 of 3 is now in play so expect EUR to surge to complete wave the massive 5 wave impulse.
Gap will have to be closed on the correction later in the future but this is a massive sign that EUR has turned.
Let's keep an eye on this for sure.
Happy Trading!
Don
Gap will have to be closed on the correction later in the future but this is a massive sign that EUR has turned.
Let's keep an eye on this for sure.
Happy Trading!
Don
Commentaire:
Will the gap close?
Here's a quick count to show a possible scenario
Here's a quick count to show a possible scenario
Trade fermée: cible de profit atteinte:
Hi All,
Ive closed out on some of my positions as the impulse looks complete. I am now looking for a retracement to close the gap as per below's chart.
Count update (Big Picture):
Wave 1: From the bottom, a leading diagonal
Wave 2: Running Flat
Wave 1 of 3 (Current impulse): This retracement is potentially wave (2) of (1) of a bigger wave 3 and ties in nicely with the French elections in 2 weeks for for a EUR surge.
Looking for a short entry (Short term) and going long at the close of the gap
Cheers
Don
Ive closed out on some of my positions as the impulse looks complete. I am now looking for a retracement to close the gap as per below's chart.
Count update (Big Picture):
Wave 1: From the bottom, a leading diagonal
Wave 2: Running Flat
Wave 1 of 3 (Current impulse): This retracement is potentially wave (2) of (1) of a bigger wave 3 and ties in nicely with the French elections in 2 weeks for for a EUR surge.
Looking for a short entry (Short term) and going long at the close of the gap
Cheers
Don
Waiting for a gap filler and looking at adding to my positions!
Keep and eye on this one
Don