tableau_simplex
Long

EURUSD end Elliott 5 wave pattern down. Correct to wave 4 up?

FX:EURUSD   Euro / U.S. Dollar
MTPredictor finished 5 way sequence down into important low. I am waiting rally up to decision point of wave 4 high because markets have tendency to correct up wave 4 decision point after end of 5 wave sequence. I am waiting resistance somewhere in 1,1263 level.
snapshot


This was the first succeed trading idea after 3 losing trades in a row. I count this as R/R 4.
So after 4 trading ideas i have total +1 Reward units.

After winning trade, EURUSD did complete wave 3 of 5 wave sequence and also hit the resistance Decision Point. I am supposing markets to correct into wave 4 to make higher lows.
+1 Reply
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