Elliott Wave EUR/USD

One More possibility I see is that the euro may have already bottomed out. I don't think this is likely, but I'm attaching my hourly chart showing this and that equates to where the iii is on the daily chart.

I have had several requests for good entry and exit points so I'm putting up my USD/CHF daily chart. I think now is an excellent time to go short. If you would like to wait another 100 or so pips that will probably be ok. I just sold a small amount with a 300 pip stop expecting it to go up to the trend line, but sometimes the E wave in a triangle undershoots or overshoots the target. My initial target is below 1.00 but I think it has potential to make the .85 range. P.S. If I am correct I will start adding to my position based on pullbacks and wave counts. Good trading everyone.

My entry is short @1.1570 with a stop @1.1850 and a limit @ 1.00

Here is my latest Daily EURO chart. Not much has changed and I don't think it has much more downside potential.

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Here is my Euro 1 hour chart. I've been waiting to get some kind of clarity from an Elliott Wave perspective and I think an ending diagonal is a good possibility. The Euro must go below the 1.2142 for this count to be valid.

This Euro looks ending diagonal textbook complete with overshooting the mark on wave 5 which is normal in a triangle or diagonal. I just bought at 1.2018 with a stop at 1.19 and limit at 1.26. Also the RSI is showing oversold.

Here is my day and hour Euro chart for today. I think there is a very good chance this ends Wave 1 down that began at the end of November last year. If not a bottom should be in the near future. As you can see on the day chart wave 2 on the larger scale should hit somewhere around one of the fibonacci retracement levels. I think the odds favor the 50% area around the 1.35. In the shorter term I think the 1.23 level will be the first corrective push up.

Not much to say about the Euro.....Still waiting to confirm a bottom. I have an alternate count to what is on my chart that goes to the 1.16 range before it is finished

It looks like the 1.15 or 1.16 range is becoming more likely . I sold it at 1.2923

DO you mean 1.2123?