EWFcw

EURUSD - Elliottwave analysis

FX:EURUSD   Euro / U.S. Dollar
EURUSD - As mentioned in previous trade set up of Euro, it is in impulse cycle 5th wave up in 4 hr time frame from major bottom. In 30 min time frame, It is in 3rd wave, where 1st of 3rd of 3rd wave was finished and 2nd of 3rd of 3rd wave correction is under progress, so stay long once it is finished for 3rd of 3rd wave up, which should be having high momentum as the confirmatory sign of the whole cycle. There is an alternate 2nd wave of 3rd wave correction can extend. So until price is above 1.1786, it is counting as 3rd of 3rd wave up.

Give thumbs up if you really like the trade idea.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.