Analysis on chart:
Simple setup, selling a retracement here, targetting the 0.382 fib of the 3rd wave, which matches my time at mode downtrend projection for the 4th wave decline.
Once time and price are met, we can buy to ride the fifth wave until Friday, which should send the euro down again, at the release of the US NFP data.
Yes, I'm predicting good NFP data based on the technical elements on the chart...determinism, reflexivity, Yellen watching the technical charts? Who knows...
Good luck,
Ivan.
Simple setup, selling a retracement here, targetting the 0.382 fib of the 3rd wave, which matches my time at mode downtrend projection for the 4th wave decline.
Once time and price are met, we can buy to ride the fifth wave until Friday, which should send the euro down again, at the release of the US NFP data.
Yes, I'm predicting good NFP data based on the technical elements on the chart...determinism, reflexivity, Yellen watching the technical charts? Who knows...
Good luck,
Ivan.
Trade closed: target reached
Absolutely spot on.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.