I'll be posting my Elliott Wave analysis on a daily basis. However I do not recommend this thread for trading function. Forex market involved important risk.
I will post analysis on a daily basis for Euro, Crude oil(weekly only), Gold and silver.
Here is the very first analysis on Euro. I ready this earlier today.Technical Analysis: Position Euro is down in 5 waves and should begin wave c or wave iii reduction led to 1.5417(atleast). MACD giving bearish divergence and price should affirm that.Strategy: Short at 1.5550~1.5560 Stops gt; 1.5585 Goal 1.5417 Use path Stops Trail stops: Move stops to 1.5545 on break below 1.5520 Move stops to 1.5525 on break below 1.5500 Move stops to 1.5500 on break below 1.5475 Move stops to 1.5475 on break under 1.5450 Alternative Strategy: Long on break over 1.5585 Stops lt; 1.5570 Goal 1.5650 Risk Management: Risk reward ratio is favourable
Please note that the preceding article shows how I'll trade this market. It is not recommended for trading. If you do so it'll be at your own risk.
http://www..com/images/stories/20-6-08 euro.gif
Outlook on goldTechnical Analysis: Position Gold is down in 5 waves and the current recovery could be wave b or wave ii retrieval. MACD is giving bearish divergence and price has to validate it. There's a possibility of decline to 882 unless 909 is obviously broken above
Strategy: Short at 903 Stops gt; 909 Goal 882 Use trail Stops Trail stops: Move stops to 903 on break beneath 900 Move stops to 900 on break beneath 896 Move stops to 897 on break beneath 892 Move stops to 892 on break below 887 Alternative Strategy: Long on fracture above 909 Stops lt; 907 Goal 915 Risk Management: Risk reward ratio is tolerable
NOT Suggested FOR TRADING PURPOSE. The Aforementioned STRATEGIES SHOW HOW I WILL TRADE THE MARKETS.
Reply With Quote