Get started
reneordosgoitia

Long position after consoloditation. Wave and Fibo.

Long
Euro / U.S. Dollar (FX:EURUSD)  
reneordosgoitia  
FX:EURUSD   Euro / U.S. Dollar
3
0
The price is right now in a consolidation, i am waiting for a retracement, as you can watch in the downside arrow to take a long position. As you can see in the chart, it has end its impulse season with 5 waves, now i am waiting at least 3 waves in a downside way before it touch the 38.2% fibonacci level, and start a now impulse cycle.
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.