EURUSD | Wave analysis of the ticker

If you read my blog carefully, a month ago you sold euros and bought dollars (https://t.me/eightyninewaves/3545). This simple action resulted to 3% profit to savings. It’s time to think about trading, too.

The chart shows the levels confirming the hypothesis of a movement below parity. And the level of cancelation of the hypothesis. As we approach them, I will place the appropriate orders.

The deindustrialization of Europe is gaining momentum, a clear negative wave is coming. All we have to do is capitalize on it…

#EURUSD. Part of the short is fixed. The forecast is valid, just on the small degrees there is something very similar to the diagonal.

Euro to the dollar is falling from the ending diagonal according to the plan here (https://t.me/eightyninewaves/3545).

I now have 7 active brokerage accounts, I trade Forex, MosExchange, crypto, options, American market, commodities and so on. I work only with instruments, where WA tells me soon a powerful movement – I take it with small risks and switch to other markets. This strategy allows to obtain ± 200% per annum to capital (do not confuse with the deposit) risking 1-2% of the whole capital at a time.

Very effective approach, I advise everyone instead of gambling on a particular asset or even market.

#EURUSD. Similar to the pound, but the diagonal here is larger.

A month ago I wrote that entry points into a short will start to appear from the 1.12 area approximately (https://t.me/eightyninewaves/3493). And now it’s 1.11, and they really started showing up.

Now I’m trying to figure out whether the diagonal [c] of “4” is complete. Judging by the too small wave (iv) – probably not, so I’m still waiting for those very 1.12 to short this pair with a big stop around 1.15. For short-term and intraday trading, I have no ideas here for you yet.

As for euro savings, I almost completely went out of them in favor of the dollar, even though I live in the Euro zone.

#EURUSD. There are no shorting setups, yet, but falling is a priority.

#EURUSD. Short on the market price, the logic was explained yesterday.

#EURUSD. Still waiting for a short’s entry point, I will write more today if I manage to enter the position.

#EURUSD. I’m looking for an entry point to short the pair, but while waiting.

#EURUSD. The wave “b” of (iv) is probably set, while waiting for the pair to go down locally.

#EURUSD. I’m waiting for one more downward movement before rising.

#EURUSD. While the diagonal is coming true, there could be entry points into the short towards the end of the month.

The October 9 forecast continues to be fulfilled (https://t.me/eightyninewaves/3130), where a rise in the wave “4” was expected. Now this wave “4” is probably over or coming to an end, so I am starting to monitor the pair closely for entry points.

The upside movements could still remain for now if the wave [x] of “4” is now forming. And then it would be possible to take a good speculative long from the wave (e), which should end in the area of [w], but not break through the end of (c). But the points to the shorts will appear from the area around 1.12.

#EURUSD. So far I’m aiming here.

#EURUSD. It seems to me that the wave “4” wants to be set a little more to the right. No position yet.

A month ago I updated the count on the small degrees – have a look (https://t.me/eightyninewaves/3364). And since then the euro has been falling against the dollar. This all happens according to the forecast that was given on the 8th of October (https://t.me/eightyninewaves/3130). It was supposed to go up into the wave “4”, now it is supposed to go down into the wave “5”, according to the labelling of high degrees (https://t.me/eightyninewaves/3282).

I did not take shorts, just sold my euro savings in favor of dollar, ruble and crypto – good entry points for longs are coming up.

A month ago I showed you here the global picture, where the wave “4” was forming as a part of diagonal (C) of “b”. And just recently it may have ended, so I suggest you look at the 4H chart to identify that end. As you can see, the double zigzag is safely completed in “4”, and if we assume that triple zigzags are impossible, the euro will soon be at parity to the US dollar again. And then a rapid growth.

Personally, despite my living in Europe, I am now partially converting my savings into dollars. On the horizon of 5…7 years I expect to see the dollar index in the area of 160. Which doesn’t agree with the expectation of 1.6 for the euro at all, but… So far I can’t coordinate the counts, I trade what I can on relatively small degrees.

And we can trade a short of the pair, which I show you here. As for the reasons, retrospectively they will be explained due to the events in Ukraine, as if it is difficult for Europe to carry such a load, so the inflation grows and the euro falls. The change of the ECB leadership is likely at the end of the wave, where the next leaders will start to sharply raise rates.

#EURUSD. There is a chance for a strong fall, I will write out the details tomorrow in @eightyninewaves.

#EURUSD. Targets for the wave “4”are fulfilled on the daily TF on Eurobucks. I do not call to short – there are no setups, but the possibility to go below the parity for a small time for the Euro has now appeared. We should think about converting some of the euro savings to bucks.

And then why did I choose Portugal, where I have been living for almost a year? Let’s look at the weekly timeframe where cyclical waves can take decades to materialize. Before I begin my narrative, I want to reiterate my anti-war stance and focus my attention on parsing the economic aspect of what is happening in the first place.

The first part of the answer is in tens of years – the most powerful supercyclical negative waves will not begin to develop until the end of the 30s. Second, the Old World must go through a phase of unity and a succession of victories before it falls. In the scenario with the “b” of (iv) now taking shape, this is sure to be a major expansion not only into the Balkans, but also into Turkey. And then, perhaps, Ukraine and Georgia will be absorbed at the end of “c” of (iv). Thirdly, the fall into the wave (v) will be a typical collapse of the empire, with the prospect of negative events for hundreds of years, according to the scenario of the Russian Empire to the present day. The real fall of Europe will be a long time and not soon. What is happening now is not even a prelude. The next Great Empire in this region, judging by historical markings, will be Russia, but it will happen closer to the end of this century-not all of us will see it with our own eyes.

Let’s return to the perspective of the coming years. To accumulate wealth, the EU needs to export inflation; they used to do it into Russia. In simplified terms, the mechanism looks like this: we print Euros, give them for energy resources, the Central Bank of Russia reserves them for itself (does not spend them with us) and issues rubles, the oligarchs get the wealth, and ordinary people in Russia get ±15% real inflation every year directly from the heart of Europe – German quality. Some of this inflation has been exported further down the chain to post-Soviet countries because of Russia’s semi-peripheral status, but I’ll talk about that in a future post – sign up. Now where are the Europeans to put their inflation?

Many calls and actions from Western politicians to Russia to repent; leave peripheral Ukraine to them to export inflation through labor and loans; sell raw materials at a discount (price ceiling); pay reparations – to restore infrastructure by European contractors. And so far this plan has every chance to come true – there is a final bottom on the euro within the diagonal (C) of [C], after which an up-trend will begin for several long years in any case.

The beginning of wave “5” of (C) will come in one of the next winters, the very first winter, which will be cold. The ruble will be in the phase 4 of (C) at that time – see the labeling of January 1. Until then, everything will be fine in Europe – inflation is under control, DXY is weakening, and the stock market is rising (see the DAX forecast from the day before yesterday).

The next forecast on the pair will be out on February 8 on the daily timeframe – check your subscription. And if you are interested in the local picture, the calculation from December 8 is now coming true with the forming [x] of “4” (https://t.me/eightyninewaves/3238). In the premium this pair is updated 3-4 times a week.