EURUSD Looking to go short below 1.1141

29 Mar 2016

I'm not at all sure what's next for the EURUSD. But with such a large drop the most common pattern is a Wave 4 Triangle. So if the current move up does so in an abc and does not make a new top then heads back below 1.1141 then I am short.

29 Mar 2016

Not

Indeed, this move up was bigger than expected. But the plan was to go sort only if a break below 1.1141. So no harm done. If it breaks 1.3464 Feb 11 high then I am SOOO wrong in my assessment and may go long.

30 Mar 2016

Not

Wow... look where that move labeled "e" stopped today. I wonder if it is going to fail just below the move labeled "c". We shall see. Get it... C

31 Mar 2016

Not

YEP... I'm quite confounded by the continued move up. the pattern marked d to e is unusual for an impulse and yet it keeps rising. I 'm missing something, so I am staying clear for now.