#08690

New Post has been published on http://u.to/lNFgDw

Trade Idea: EUR/GBP - Hold short entered at 0.8690

EUR/GBP – 0.8645

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sold at 0.8690, Target: 0.8550, Stop: 0.8740

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8740

New strategy  :

Hold short entered at 0.8690, Target: 0.8550, Stop: 0.8710

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8710

Although the single currency recovered after finding support at 0.8567 last week and consolidation above this level would be seen initially, bearishness remains for the erratic decline from 0.9576 top to bring retracement of early upmove to 0.8550, then towards 0.8520, however, oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are holding on to our short position entered at 0.8690. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/lNFgDw

Trade Idea: EUR/GBP - Hold short entered at 0.8690

EUR/GBP – 0.8645

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sold at 0.8690, Target: 0.8550, Stop: 0.8740

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8740

New strategy  :

Hold short entered at 0.8690, Target: 0.8550, Stop: 0.8710

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8710

Although the single currency recovered after finding support at 0.8567 last week and consolidation above this level would be seen initially, bearishness remains for the erratic decline from 0.9576 top to bring retracement of early upmove to 0.8550, then towards 0.8520, however, oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are holding on to our short position entered at 0.8690. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/lNFgDw

Trade Idea: EUR/GBP - Hold short entered at 0.8690

EUR/GBP – 0.8645

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sold at 0.8690, Target: 0.8550, Stop: 0.8740

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8740

New strategy  :

Hold short entered at 0.8690, Target: 0.8550, Stop: 0.8710

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8710

Although the single currency recovered after finding support at 0.8567 last week and consolidation above this level would be seen initially, bearishness remains for the erratic decline from 0.9576 top to bring retracement of early upmove to 0.8550, then towards 0.8520, however, oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are holding on to our short position entered at 0.8690. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/lNFgDw

Trade Idea: EUR/GBP - Hold short entered at 0.8690

EUR/GBP – 0.8645

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sold at 0.8690, Target: 0.8550, Stop: 0.8740

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8740

New strategy  :

Hold short entered at 0.8690, Target: 0.8550, Stop: 0.8710

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8710

Although the single currency recovered after finding support at 0.8567 last week and consolidation above this level would be seen initially, bearishness remains for the erratic decline from 0.9576 top to bring retracement of early upmove to 0.8550, then towards 0.8520, however, oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are holding on to our short position entered at 0.8690. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/lNFgDw

Trade Idea: EUR/GBP - Hold short entered at 0.8690

EUR/GBP – 0.8645

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sold at 0.8690, Target: 0.8550, Stop: 0.8740

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8740

New strategy  :

Hold short entered at 0.8690, Target: 0.8550, Stop: 0.8710

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8710

Although the single currency recovered after finding support at 0.8567 last week and consolidation above this level would be seen initially, bearishness remains for the erratic decline from 0.9576 top to bring retracement of early upmove to 0.8550, then towards 0.8520, however, oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are holding on to our short position entered at 0.8690. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/lNFgDw

Trade Idea: EUR/GBP - Hold short entered at 0.8690

EUR/GBP – 0.8645

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sold at 0.8690, Target: 0.8550, Stop: 0.8740

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8740

New strategy  :

Hold short entered at 0.8690, Target: 0.8550, Stop: 0.8710

Position : – Short at 0.8690

Target :  – 0.8550

Stop : – 0.8710

Although the single currency recovered after finding support at 0.8567 last week and consolidation above this level would be seen initially, bearishness remains for the erratic decline from 0.9576 top to bring retracement of early upmove to 0.8550, then towards 0.8520, however, oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are holding on to our short position entered at 0.8690. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/CtpfDw

Trade Idea: EUR/GBP - Sell at 0.8690

EUR/GBP – 0.8599

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sell at 0.8770, Target: 0.8600, Stop: 0.8810

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 0.8690, Target: 0.8550, Stop: 0.8740

Position : –

Target :  –

Stop : –

As the single currency has remained under pressure after last week’s selloff, adding credence to our bearish view that the erratic decline from 0.9576 top is still in progress and bearishness remains for this decline to bring retracement of early upmove to 0.8550, then towards 0.8520, however, near term oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are looking to reinstate short on recovery but at a lower level as 0.8690-00 should limit upside. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.

New Post has been published on http://u.to/CtpfDw

Trade Idea: EUR/GBP - Sell at 0.8690

EUR/GBP – 0.8599

Recent wave: Major double three (A)-(B)-(C)-(X)-(A)-(B)-(C) is unfolding and 2nd (A) has possibly ended at 0.6936.

Trend: Near term up

Original strategy  :

Sell at 0.8770, Target: 0.8600, Stop: 0.8810

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 0.8690, Target: 0.8550, Stop: 0.8740

Position : –

Target :  –

Stop : –

As the single currency has remained under pressure after last week’s selloff, adding credence to our bearish view that the erratic decline from 0.9576 top is still in progress and bearishness remains for this decline to bring retracement of early upmove to 0.8550, then towards 0.8520, however, near term oversold condition should limit downside to 0.8500, bring rebound later. 

In view of this, we are looking to reinstate short on recovery but at a lower level as 0.8690-00 should limit upside. Only above previous support at 0.8763 would defer and risk a stronger rebound to resistance at 0.8826 but price should falter below previous support at 0.8855-60, bring another decline later. 

Our preferred count is that, after forming a major top at 0.9805 (wave V), (A)-(B)-(C) correction is unfolding with (A) leg ended at 0.8400 (A: 0.8637, B: 0.9491 and 5-waver C ended at 0.8400. Wave (B) has ended at 0.9413 and impulsive wave (C) has either ended at 0.8067 or may extend one more fall to 0.8000 before prospect of another rally. Current breach of indicated resistance at 0.9043 confirms our view that the (C) leg has ended and bring stronger rebound towards 0.9150/54, then towards 0.9240/50.