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EWFcw
Oct 26, 2020 8:28 AM

EURUSD - Elliottwave analysis  

Euro Fx/U.S. DollarFXCM

Description

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.

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Comments
merakshi
thank you for this analysis. I just expect that wave 2 will down up to 1.7706
Then we would have c=a and 61,8 retracment.
Regards,
merakshi
InkyGrip
good! 🦐👍🏻
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