Join The Community

Search

Thursday, 18 September 2014

EUR/USD H1

General Overview for 18/09/2014:
The impulsive wave progression is developing as anticipated some time ago. Currently it looks like after the extended fifth wave of a wave 3 green, it is a time for a corrective bounce in wave 4 green. The target levels for this correction are at the levels of 1.2972 - 12994 ( basically 1.3000 round number level) and if this one is broken and corrective cycle will become more complex - 1.3111.

Support/Resistance:
1.2819 - WS2
1.2833 - Swing Low
1.2906 - WS1
1.2944 - Weekly Pivot
1.2972 - 1.2994 - Demand Breakthrough Zone

Trading recommendations:
Please wait for the corrective cycle to complete and enter SELL orders in the direction of the trend of the larger degree.


★★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!



0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

 
Don't Forget To Join US Our Community
×
Widget