EC
EURUSD to tag the former low at 1.0636EURUSD goes in line with my expectations posted in the map earlier (pls see related).
It reached the upside target on Friday and then collapsed.
All minimum targets have been hit, so it can start now wave (y) down to complete huge wave X.
The wave (y) = wave (w) hits right in the area of the former low at 1.0636.
This will be the target.
Wait the pullback and see if it will not exceed the recent top before thinking of short.
EURCHF en largo
En consolidación con tendencia a la compra para formar el impulso de la onda 5
Triple piso en el nivel 61.8% del retroceso de la onda 3-4
Triple piso en el nivel 38.2% en el retroceso del último impulso en el rango de consolidación formando bandera
STOCH en nivel de sobre venta
Divergencia con el MACD para entrar en compra
EURUSD. Short setup. Risk/Reward 2.72The idea is that the complex correction could unfold lower to hit 61.8-78.6% Fibonacci of the previous large impulse.
The last leg of the linking correction ABC looks done.
Entry current
Stop 1.1646
Target 1.1446 (although it could drop much lower if second leg will exceed by size the earlier one)