General overview for 27/05/2015:
The impulsive wave development to the upside does not completed yet as there is still a corrective wave iv and one more wave v missing to complete the overall structure. The orange rectangle represents a projected target zone for wave iii. The most important support for the bulls is at the level of 123.31, because any break out lower will open the possibility of a larger corrective cycle down to the level of 122.02. Nevertheless, the bias is bullish and this pair should see more gains. Only a sustained break put below the level of 120.50 would invalidate this view.

Support/Resistance:
124.92 – WR3
124.12 – 123.92 Projected Target Zone
123.31 – Intraday Support
123.25 – WR2
122.68 – WR1
122.02 – Technical Support

Trading recommendations:
All bulls should consider closing a part (or full) of their position into the orange rectangle area as the immediate corrective cycle is coming. Buying the dips in wave iv is the way to trade this market in anticipation of wave v to the upside.

★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO MAKE MONEY USING FX PORTFOLIO 
MANAGEMENT PLEASE OPEN YOUR ACCOUNT
 USING THIS LINK:
  


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Kategorie: Uncategorized

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

0 komentarzy

Dodaj komentarz

Avatar placeholder

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

Witryna wykorzystuje Akismet, aby ograniczyć spam. Dowiedz się więcej jak przetwarzane są dane komentarzy.