Elliott Wave

The price action on the EUR / USD is showing range behavior from the second week of January 2018, the objective of this article is to share our point of view about the current situation and future projection of the EURO. Our forte is technical analysis with emphasis on Elliott Wave. The Elliott Wave analysis is a brilliant technique to study the price cycles, and it is based on the past to predict the future, in my case I have spent more than eight years dedicated 100% to this way of analyzing the behavior of the price. I commit on average [...]

On the previous post, I suggested a bullish trade on the EUR/USD, and the trade worked nicely giving more than 100 pips. Today is the last day of trading in September, after a great month, we must get ready to achieve same or better results in October. The Elliott wave theory helps to find possible future cycle and the strategy provides the precise level to trigger a trade. Elliott Wave Analysis On the four chart, the EUR/USD is setting up one of my favorite trade setups. The wave “iv” black went deeper, getting to the 38.2% Fibonacci retracement of the previous [...]

The EUR/USD closed this week at 1.1760, from the last high that the price register at the resistance 1.1913 on August 2nd, the price has traveled 241 pips against the bullish trend. Will the price continue up? Or we will see it fall next week, let's solve it from a technical point of view, start the week with our point of view and trade the EURO securely and confidently. The Elliott waves theory study the past price to create a forecast, which helps to project the future because price patterns are repeated. Its success does not depend on the method itself [...]