meszaros

We are waiting for half a wave...

FX:EURUSD   Euro / U.S. Dollar
137 5 4
We are waiting for half a wave. We suppose, we are in the last ascending phase. If our assupmtion is correct, the current wave rise will be half-wave distance. This level is assumed to be around 1,1879. If the exchange rate decelerates here, we will shorten it. However, if you generate a pulse wave again, we will wait for you to enter.
Comment: The consolidate half-wave reached EURUSD. We are now waiting for a slowdown and we will start shortly in the long run. This strategy would not work if the current candle was followed by additional pulse candles.
Trade active
Comment: The downward impulse we are waiting for. It's only 2 minutes.
Comment: @Dahanx, We are thinking of this movement.
Comment: @Dahanx , Further ascents can only be approached by a weekly wave motion. Therefore not only upward movement is likely to be larger, but also the correction response.
Comment: @Dahanx, You are quite right, it is very similarto the EURGBP exchange rate. Only there is a turning level option. There is no in EURUSD.
Still short now? What would you think, long or short?
Reply
@DAHANX, thanks for the comment. According to our strategy this is a last half-wave movement. Place STOP over the spike. If you are pulling upwards in the night in Asia we will throw short strategy. We are looking forward to trading with EURUSD.
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DAHANX meszaros
@meszaros, https://ibb.co/eW2h4k
Thank you. So, I will short better. From now on, or do you think it can rise again high?
Any TP mark on shorting you could suggest?
Reply
@DAHANX, Your drawing is very good.Similarly see possibilities. If the exchange rate moves upwards , it could be about 1,20996 for that purpose. Then the back correction would be even deeper. As we all look at 1,0850 it can fall back. In the comment I place a drawing on the re-adjustment from 1,20996.
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DAHANX meszaros
@meszaros, Same move to expect for EUGBP actually...
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