Analysis using Wolfe Waves, Fibonacci & Supply/Demand

FX:EURUSD   Euro Fx/U.S. Dollar
403 0 0
I've prepared this chart with 3 different analysis taken into account. Namely,

- Supply/Demand
- Wolfe Waves
- Fibonacci

All three analysis point to a mild rally in the EURUSD             followed by a drop from the regions of 1.315 - 1.317 all the way down to 1.28 - 1.27.

Notes: Scale out of the positions at each of the Fib levels near the TP regions. Namely: 1.28930, 1.28250, 1.27570 (towards 1.28250 and 1.27570, you can expect to see a bit of bounce in the prices. This would be a good place to add new positions, but use discretion).

I hope this chart helps you guys out and if you spot something that I might have missed, please make sure to point it out.

Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
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