This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Wednesday, June 17, 2015
EURUSD Breaking Out of Triangle
The EURUSD is breaking out of a triangle to the upside. Pretty simple longer term trade setup here: long with a stop just below the Fed news spike at 1.1210 and looking to take profits at the 1.1465 area.