azizelliott

$EURUSD - Elliott Wave analysis

Long
FX:EURUSD   Euro / U.S. Dollar
Hi guys! πŸ‘‹πŸ»

πŸ”” EURUSD continues to move within the uptrend channel. The movement from October 15 was impulsive, therefore it makes sense to wait for a further upward movement.

πŸ”” At this stage, in my opinion, one should wait for the break out from the symmetrical triangle, which in turn foreshadows the end of the correction, and open a long.

πŸ”” If the price breaks below the lower edge of the triangle, then wait for the price to fall to the Fibo level of 0.618, which is placed at the lower border of the channel, and if the price can stay above this border - go long.

✊🏻 Good luck with your trades! ✊🏻
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πŸ€– I am one of the 11K TradingView users who trade on BingX - bingx.com/partner/Aziz
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