After all this fall of the EURUSD, we are in a wave of correction (A), where we can mark the 5 impulsive waves to complete the cycle.
Closed my longs before the statement and then went short assuming the FOMC's lack of action meant we would retrace much of the gains the Euro had the last day in anticipation. Currently holding a small long position as my general rule is to trade the with the longer trends.
The Greek tension and the futur about its debt will give the short term direction of Gold. If the Greek Debt is being under pressure because no solution is found at Euro level, there precious metal may go up qukcly. On the other hand, if we do progress towards a solution, the precious metal may resume its "natural" path which is down the road towards 1180 and then...
So yesterday's plan play out the first 3hours of London session banked 50+ pips on the down leg. Today's plan: Short Asian session, Possible Long London session. Can't see anymore ahead than this. Its all in the chart.
So yesterday's plan play out the first 3hours of London session banked 50+ pips on the down leg. Today's plan: Short Asian session, Possible Long London session. Can't see anymore ahead than this. Its all in the chart.
Pretty reasonable risk reward here, could be better if it test the lower ascending triangle once more. Coincidentally, Greece debt deal will be up within the next 10 days and this might be the catalyst for the better or worst. T/P: 40.89 Entry: 34.60 S/L: 31.37 (Trailing stops by 0.04 daily)
bullish shark potential, allinging with the 50% retracement of the last major swing. TP goes @ 1.0868 Good luck and do your own analysis, as this is my first attempt at harmonics!
A little fundamental overlook might help to solve the puzzle here. Comparing the danger of deflation in EU to inflation in UK, comparing the 2.6% GDP growth in UK to 0.8% GDP growth in EU, comparing the 11.5% unemployment in EU to 6% unemployment in UK equals 3:0 for UK. Still there is the "grexit" talk that doesn't really help EU and ECB struggle to fight...
This setup is base on the following price confluences. 1. Downtrend on Monthly chart witch has been initiated from economics news shift, as well as resistance, and trend line as indicated by arrows. 2. Support and Resistance lines for a very long expectation of down trend. 3. Descending channel trend line. As shown in purple channel as well as how price reaction...
elliott wave analysis , END 1.26230 Ersoy Toptas
Last move October and will occur in November Mobility - 1,25100 - 1,27150 - 1.22000 - .128000
Each year in October (day 15-21), The Rise Becomes !!! Then, from October 15 to 21 Days October (last 1 week) - and November (10 .Date) Rising up !!! Then again begins to rise in December .. Article Article !!! - October 21 'Is Rising Up - OCTOBER 21 in November to 10 Down - November 10 'from December 30 Very Mixed (Year End) - The Rise of a New Beginning...
Look In the chart, we BOTTOM 1 time every 2 years EUR / USD looks of his .2010 (1.180) -2012 (1.20) and the 2014 !!! (1.22 >>?) Parity 1.25050 to 1.27000 and 1.22000 years after the end 1.280000 (2015) Ersoy TOPTAS MY Link: tr.investing.com website: www.ersoytoptas.com Website : ersoytoptas.com