JWagnerFXTrader

EURUSD in Key Congestion Zone - Watch 1.0800 or 1.0950

FX:EURUSD   欧元/美元
EURUSD             dropped today into a zone that likely creates a strong struggle between bulls and bears.

The Elliott Wave picture is such that there is a bullish view and bearish view which both can be satisfied based on the current pricing. Therefore a meaningful push below 1.0800 or above 1.0950 begins to elevate certain patterns and demote other patterns.

Bearish Wave 3
The bearish wave iii             of ( iii             ) is depicted on the chart above. A break below 1.0800 likely accelerates towards the 1.618 extenstion at 1.0480. This is the preferred count as sentiment shifts to the bullish side...using it as a contrarian signal suggests we look for more losses on the pair.

Bullish Equal Wave Pattern Completion
The other pattern in sights is that the August 24 high today's low is a large equal wave pattern. This suggest a large bullish burst that potentially retests 1.17. RSI divergence is helping this story develop. As stated above, SSI             is shifting towards more buyers and less sellers. These traders have already committed to positions and become a future pool of sellers which would be a head wind to this scenario.

Check out our guides for Elliott Wave study or forecasts for EUR, USD, JPY, Gold             and Oil             HERE.
(Free registration required).

Good luck and happy trading!
Thanks for sharing!
回复
EUR/USD Wave analysis

Estimated pivot point is at a level of 1.0890.

My opinion: Buy the pair from correction above the level of 1.0890 with the target of 1.15.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0890 will enable the pair to continue decline to 1.08 – 1.07.

Analysis: Presumably, the formation of the correction, as the second wave 2 of the senior level in the shape of the plane qbc, has completed. Locally it is likely that the “bearish” impetus has completed in the wave c of 2. If this assumption is correct, the pair can rise to the level of 1.15 in the one-two wave of the junior level. Critical level for this scenario is 1.0890.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出