My shortorders for Eur-Usd are placed as;
1) 1,4261
2) 1,4268
3) 1,4272
Based for my 60 min EW table calculation is as follows;
W = from 1,2500 to 1,3737 = 1237 Pips
X = from 1,3737 to 1,2887 = 850 Pips
Y = From 1,2893 to 1,4261 = 1368 Pips
Y wave target (hunting prolonged fifth);
Wave “X” multiply with 1.618 = 1375 = ~1,4261 (1,4261-1,4272)
Everything under 1,4238 is still pure long, it should be agressive in here – no much deep retracements anymore on the way up. if 1.618 goes throw, I´ll stop it and will target for x 2,27.
