Posts Tagged ‘elliott wave’

EURUSD 4h Sept 5, 2010

This is a bearish alternative for EURUSD.

A retest of the upward channel followed to the grey area. There is also another more bearish count where a retest of the 1875 lows could be in the charts. On the upside the channel resistance must be broken.

 
EURUSD Daily Chart

Here is a chart showing all current natural support/resistance on the daily. Click on the chart for a full view.

Natural Cycles

Natural Cycles

 
EURUSD may be completing a flat correction

This is my count on the eurusd. Crazy summer trading is tracing out moves of 3′s.

Levels to watch are 2920 resistance need a break there to go higher and 2750, a break there will put 2440 in sight.

Hourly Chart

 
What is the Euro Doing?

June 23, 2010 

Since the 1875 low on June 7, a turn date called out on this site,  the EURUSD gained 600 pips to 2466 where it fell today to 2204.

The move from 1875 can be counted as a double zigzag wave (A) and today’s low is then a wave (B) and on the chart you can see a channel forming where wave (B) found support on the channel support line.

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Disclaimer

NOTE: This information is for the use of the author only. The information reflected herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Opinions expressed are subject to change without notice. This material and any view expressed herein are provided for informational purposes only and should not be construed in any way as an inducement to buy or sell currency contracts. Trading futures involves risk of loss. Past performance is not indicative of future results.

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