Updating last chart for this Euro Possibility
Looking at how slow this up move is, we might encounter this.... I'm not sure of the down move length yet.
Still got a ways up to go before a real pull back. NOTE: the 1.349 high I have here is questionable for now, there is potential for price to continue up to 1.366 by Aug21st, I'll know more as we get closer to the dates..
Upon reversing at 1.275 at the last low something did not sit right with me. I believe i've found the reason why. Based on my weekly outlook euro wants to hit around the 1.349-1.35 area, this was made possible by going to 1.275 earlier in the month.... Lets see how this plays out verses.. my 1.366 prediction.
Although this is NOT for sure because I can't tell the moves that far in ahead, this looks very possible for the Euro over the next few months. 1.366 should definitely hit around Aug 20th to 21st with a big reversal.. Good luck, make lots of pips!
Short term, I've tried to match the price and time as I have it.
Pretty simple..
using 1 of the 2 future dates for the end of this down move (July 23rd).. I like this trend line it created with pitch fork...
some more interesting things to add to the last published idea..
Going short for a few weeks.. I'm hoping for the orange line, as it would allow me to drop my longs from 1.287 without having to hedge. Teal line also possible but really hoping for the orange.. :) Please note the following: We are in a down trend lasting at least until July 23rd..to Aug12-13 as a end date If we bounce now for a 50-61% retracement the end...