EUR/USD H4 Tickchart Feb 5 2011
It was a tragedy yesterday, the EUR/USD has dropped drastically to around 1.3550, which of course, has broken the lower edge of the rising channel. It means, the end of the wave 3, rather than the end of the wave 3(3).
Remember what I told you yesterday? I told you to wait and wait, until we got anything clear and sure. It seems worth the time waiting. Today we’ve escaped from such a crash. So, this is the right strategy to avoid getting into the uncertain risk. We succeeded, right? Let’s move on. For the past few days, we’ve earned a lot from my Elliott wave forex forecast. We’d all appreciate Mr. Elliott’s contributions.
After the recounting of this EUR/USD H4 forex chart shown below, we could say, right now EUR/USD is going to from the wave 4, to be specific, the wave 4b marked in orange color. We can see that wave 4a is a 5-wave zigzag standard structure, so the up coming wave 4b is highly expected to be a 3-wave platform structure, of course, it’s gonna be a rising wave.
As long as it doesn’t go lower than the wave 1, which is approximately 1.3460, it’ll be safe for us to buy rather than sell within 48 hours.
Look at its beautiful curve in wave 4a, try to feel it and grasp the core of the nature’s beauty and God’s will.
Good luck again joining in this forex game.