Renforex
做多

EUR USD Almost Selling Time

FX_IDC:EURUSD   欧元/美元
Looks like we are approaching a good place to sell.

If the top of this channel breaks, then the top purple line will be the selling point.
评论: Just realized this says is labeled "long". Not sure why lol.
评论:
snapshot
评论: Still within channel. Breakout looks like it was rejected.

Good place to place shorts, but waiting till Monday might be sensible too.
评论: Taking profit here and waiting for new entry for more selling.

Purple resistance line worked perfectly, maximum profits today. :)
OK,
But I am afraid it is going to reverse up now to the 1,228 area !!
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Looking at the coming week and the projected data coming in and the long term trend I see no reason to go short yet. The 200 day average is still above the 1.12100 and the Euro up trend seems to still be going strong, Given the average zigzag time of 2-3 days I do expect that the EURODollar will be back at the 1.13 some time during the coming week. The economic data from the US is also weak witch would suggest that the trend will more then likely be up.
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pmvdlaan pmvdlaan
@pmvdlaan, sorry that is 200 hour average
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Renforex pmvdlaan
@pmvdlaan, Input always appreciated my friend :) Thanks
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pmvdlaan Renforex
@Renforex, guess I was a little premature with my expectation. Elliott wave prediction assumes pullback before further continuation of the motive wave....next breal of 1.12200 I expect the price to go beyond 1.13
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I caught 1.1990 sales. Hope direction down now.
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Renforex BORDOMAVI
@BORDOMAVI, Make sure stops are above purple line then :) Good luck!
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I'm following. I expect you to break
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Renforex BORDOMAVI
@BORDOMAVI, Break what? :) But thanks
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