USD - Elliott and Gann Analysis

We've had a very nice run on the Dollar since the November Elliott Type Two Trade.  Now, a few months later we are faced with the same scenario, another Elliott Type Two.  Since the Dollar has taken out our original Wave 5 MOB Projection I am using Gann Levels to try and get a feel for where this Wave 5 could end.  Late last week the dollar stalled at the Daily 2X1 Gann Level (thick blue line) and as of early this morning has opened lower, if we can continue to sell we could see an entry into the Elliott Type Two Sell. 

 

While I do not trade the US Dollar directly, if this trade does trigger it gives me more confidence to place long trades on both the Euro and the British Pound.  I'll keep watch over the next few days and if we get a trigger we'll take a look at some trading opportunities.

Ron Wheeler

eSignal Learning

Comments

[A Loubser]

Hi - anyone know where I can downlad advanced get?

[Air Jordan 1]

Hi !!
My nearest and dearest training is also sacked inside ' really like upon turn football.

[moncler vest coats]

Hey ! am I glad to vist your blog ! from this I can get some information and facts that I didn’t know prior to. You made my day. Thank you rather much!