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Is EUR done now?

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Hi All,

Massive buy from the EUR last week and I am seeing divergency in almost every time-frame so it is definitely overbought.

As per my count, I am now seeing a clean and clear impulse up now as per Elliot Wave rules and guidelines, along with Fib extensions hitting - please see summary below.

1. Wave 2 and 4 - Rule of alternation has been met with wave 2 being a running flat and wave 4 a ZZ.
2. Wave 3 extended to 2.618% (Meets Fib extension guidelines)
3. Wave 5 looks like and Ending diagonal which signifies a terminal move so I'm expecting a BIG wave 2 retracement to close the gap!

Lets see what happens for the rest of 2018 - Good Luck!

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Hi All,

A triangle is looking clearer now and so I am expecting a wave E to complete then a 5th wave rally before dropping.

Let's watch and see!

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Triangle complete - Long for 5th wave and EU will fall like a tonne of bricks!

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Picture perfect count - it's inching towards a new high so I'm keeping a close eye on the 5th wave count so see when that would terminate to start shorting EU.

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Count looks complete - I am now expecting a massive fall for this pair!

Let's see!

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Quick update: 5th wave extended but we've seen a massive buyback from USD and it has broken the previous sub wave 4 structure so we're going way down to close the gap! ENJOY THE RIDE!