Euro looks ready to drop to new low and finish the down move of last few weeks. Here it's made a contracting triangle (top declining, bottom rising.) The move now to the upper trendline termination E. Price can undershoot or overshoot the trend line at point E. Price should not go above 1.1296> Sell 129X target 1174/1144.
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EDIT 1.1312 for the reversal back down.
Comment:
I'm short already 1264 for 1174 starting to loose faith in move to 1312. We've already crossed the upper trend line. The bigger move I see coming is the drop to 1174/44 if this current wave wants to go higher max 1312 I'll be riding negative awaiting bigger drop on the other side. I'll ride negative on short upto 1312 with stop above. Risk 40 to make 90 1:2 risk reward ratio.
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The bigger picture: in highest degree is buy buy buy, anywhere down to 1144 / 1174 and target the moon.
Ultimately I want to be long. I feel the core projection for the weekly move down has reached max target at 1195 +161%, 261% comes in at 1145 and 88% maybe a retrace in wave 6 for the set going up from 1105
The second hit on 1210 now looks like wave 4 or 6 in set going up.
I've closed sells again and LONG AGAIN.
Have set sl to 1100 for buy orders, not good.
Upper target now 1.1590!
Ultimately I want to be long. I feel the core projection for the weekly move down has reached max target at 1195 +161%, 261% comes in at 1145 and 88% maybe a retrace in wave 6 for the set going up from 1105
The second hit on 1210 now looks like wave 4 or 6 in set going up.
I've closed sells again and LONG AGAIN.
Have set sl to 1100 for buy orders, not good.
Upper target now 1.1590!
