1511 EURUSD what if this is only a new start of big wave Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 15, 2018 12:47 AM

Hello traders,

EURUSD has made new low recently , similar things happened 2 years ago WHEN EURUSD START TO RISE UP TO 1.25 USING 13 MONTHS.

Now we are talking about what happen in the last 11 months where price stop rising in Feb and start dropping in April till now . This year could be a corrective wave for EURUSD and now its about to start wave 3.

If so, we would see a small five wave up first (light blue )
And price could reach 1.25 again in the coming 12 months where price will reach the middle line of the potential channel.

Less is more!

Comments

Boon2

⋅ Nov 15, 2018 8:57 AM

Longer term this is how I see it. Checkout the idea detail's and update's for the complete picture.

kardia

⋅ Nov 15, 2018 2:50 AM

Based on what can be seen on the weekly chart thus far, it appears we may have hit bottom on this pair.

FUNTRADER-Vera

⋅ Nov 15, 2018 2:52 AM

@rev214us, Yes, nothing is for sure.
Just get plans prepared.

Thank you for sharing ur idea here.