I have just opened the third and last position within my EURUSD pyramid. I did have a sprint towards the 1.10 in mind if the NFP doesn't come out as expected but I did expect the unexpected.
Looking at the Elliot Wave count it actually makes perfect sense. Based on that we are seeing a perfect (orange ) 2 within the (red and blue) fives and overlaying c. Therefore we are not going any higher than the (red) 4 to keep the setup valid.
Hence, 1.05 and 1.02/00 we are coming!
Stop Loss for all short positions at 1.12
Looking at the Elliot Wave count it actually makes perfect sense. Based on that we are seeing a perfect (orange ) 2 within the (red and blue) fives and overlaying c. Therefore we are not going any higher than the (red) 4 to keep the setup valid.
Hence, 1.05 and 1.02/00 we are coming!
Stop Loss for all short positions at 1.12
Related Ideas
EUR/USD Showdown
Dluginacci
about EURUSD