stopped out at .3207 No resistence? hmmm, I see now three candlesticks in the last month that stopped at .3216 and a close on the 13th at .3213. Stop was so tight because 1.) I realize it was ballsy, and 2.) I'm kinda tired from a hike. I need to hit the hay soon.
Maybe some congestion @ 1.3250. What chart data are you using? EURUSD closed @1.3282 on 12/13. Can I have a hit?
WaveMaster, Can you attach a chart to support your claim? What is the estimated time for reaching the target? Thanks
wave is talking about fibs, I believe. If you take 1.2900 as the BO, then it moved 500 pips, recovered, and this would be the C of the ABC pattern. I'm wary of year-end news, though. Equity markets can be fickle, so how will this affect the Eur/$? btw, I'm using GFT data. Might be off because my daily chart is kinda small, and I was reading the price from the chart, not from a list or whatever. Chart attached.
Looks like it's going to be down from 1.3240 It's incredibly difficult to come up with a time frame for reaching targets as waves are repetitive in form, but not in time or amplitude. I will post a chart tomorrow.
OK I think they are selling at 1.3270 till US open Target 1.3150 Could be a buy at target till 1.3320
My thought is that we are in a EW wave B up until 1.3280-1.3320 (no charts handy right now, just a recall from a while ago), then it will come down hard as wave C. Any comments?