ciano1993

ciano1993

Price appears to have broken from a corrective price channel...

ciano1993

Late posting this one, already in the trade.

ciano1993

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ciano1993

Price has broken out and retested the Wave 2 corrective price channel, this move could potentially unfold as a Wave 3, it could also be a Wave X.

ciano1993

Could see a 5 wave move up to the 1.68 multiple of wave 1.

ciano1993

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ciano1993

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ciano1993

Could make one more down move to complete a flat pattern after a 3 wave move in A and B.

ciano1993

Could see a Wave 5 next, an X wave could also develop but this zigzag looks in correct proportion to be the full correction.

ciano1993

Difficult wave count here but this trade fits my system so I have to take it.

ciano1993

Could get interesting.. Pending order has been set.

ciano1993

Following on from my previous post, wave C completed in 5 waves at the trend line as expected. I am now expecting to see a wave 5. However once again the risk:reward is not at least 3:1 so based on my trading system I will not be entering this trade. If I was entering, I would enter on a break of a horizontal line drawn from the beginning of wave 4 of C with my...

ciano1993

Risk:Reward is not great here so if this Wave C unfolds in 5 waves I may be able to use it as a setup to trade wave 5.

ciano1993

Wave 2 looks to have completed at the .5 fib retracement level of wave 1. If a wave 3 follows it is likely to extend to at least a 1.68 multiple of Wave 1.

ciano1993

Could see a short term move here for a Wave 5. Risk/Reward is only just over 2:1 if you enter on a break of Wave 4 of C in the flat, with a stop at the extreme of Wave A so I won’t be taking the trade on my demo account.

ciano1993

Expecting more strength in the EUR with a Wave 5 expected to begin soon based on my Elliott Wave analysis.

ciano1993

A flat in wave 2 looks to have completed. Interestingly this flat had a flat as its wave B. I missed entry on this so I wont be taking the trade since it does not fit my risk/reward. Someone might find it useful tho :)

ciano1993

Expecting a small Wave 5 after Wave 4 completed at the 38.2 retracement of Wave 3. This could still turn out to only be Wave A and not the complete Wave 4.