Eur/Usd : Ready to go higher

FX_IDC:EURUSD   Euro / U.S. Dollar
The hardest thing in elliott wave are corrections and transformation of these corrective structures. We are now at one of those tough places where the corrective rally from the top is finished but is still quite small. With transformations i mean the wave can extend in time (become a triangle where we have the first leg finished) or price ( bigger double three corrective wave where the first wave is finished or become a flat ). The highest probability, for me, is that price will go higher in the next leg of a double three or wave Y (circle). Do not forget price has just broken trend line resistance and has retested this as support. My best advice at this point : if you're will to risk it, go long now, but know the correction is still young. It might be better to wait and see how the waves roll out, the bigger the correction gets the more change of having the correct wave count. If the small corrective wave proves correct, step in at a later point and follow the trend up to 1.14.

I understand elliott wave can be complicated at times so if you have any questions, i'm always willing to help, just post your questions in the comments.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out