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Sunday, April 6, 2014

EURO/USD

click to enlarge

The Euro/USD  tested cloud support and the 100 sma on the Daily Time frame. If this bounces tomorrow don't be surprised. Follow through will test the 200 sma and a 38.6% Fib on the current wave structure. The Harmonic target was for 1.40 ish but this may be done. It needs more time or price action, possibly a break of the 200 sma's.

I currently don't trade Forex ,but I have in the past.It's not for the Faint of Heart.
I tried several different systems/methods.
The 100/200 sma with the Fibs. Taught by Greg Michalowski and using the cloud was the most successful way that I personally used. Ian Copsey is the Best at the projections and turning points that I've found (Harmonic Elliott Wave). No one I've found can count the Intra-day waves like Mr. Copsey.

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