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Elrouby
Nov 16, 2022 5:54 PM

Eurusd Long

EUR/USDOANDA

Description

The EUR/USD pair is trying to resist the change of course
Looking at the EUR/USD pair within the Wolfie Waves analysis
The Eurodollar pair is trading within the Wolff line formation, waiting for point 5 to complete, and it is likely to complete between 161% and 224% Fibo levels, as a correction for point 5 from 3-4.
Therefore, in a nutshell, if the Eurodollar stabilizes below 1.0570, our correction will remain towards
1.0100 levels, and by breaking it, we may go to 0.9900
Comments
JoeChampion
How do you define your target?
Elrouby
@JoeChampion, In most Wolfe waves analyses, the target is when the candles touch the cross line between 1 and 4 I drew it in the form of a dashed line But for me I prefer the goal to be before that so i choose the goal close to fibo 0.618
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