Lionheart-EWA
Long

EUR/USD-French-Elections - Bullish Intermediate Y

FX:EURUSD   Euro / U.S. Dollar
707 2 30
EUR/USD-French-Elections - Bullish Intermediate Y - Technical Set-up:

EUR/USD             finalized our previously posted Bearish Minor B (blue) and it bounced off the 1.05700 Levels, shooting towards the Intermediate Wave C (blue).
In our view, Intermediate C (blue) is the final wave for this Corrective Cycle (Intermediate WXY (black)) and we will be very interested in a SELL, once DXY             ( Dollar Index             ) would start its Final Impulsive Bullish Wave before the Next BIG Recession/Market Crash.

So far, the Elliott Wave Structure for this highly anticipated EUR/USD-French-Elections BUY set-up unfolded with Minuette (i) (black), followed by its retracement, Minuette (ii).
Minuette ( iii             ), in our view, is most likely going to be an extended wave, by the looks of it at the current time.
Within Minuette ( iii             ), Sub-Minuette i (blue) finalized and now the Retracement has begun, towards Sub-Minuette ii (blue), which is most likely going to end with an ABC Structure ( Zig-Zag or Flat), at the 61.8% Fibonacci Retracements of Sub-Minuette i (blue).

EUR/USD-French-Elections BUY set-up is based on trading the most powerful swing within an Extended Impulse, the 3 within the 3.
Levels in focus would be 1.07000, 1.06700 & 1.06400.

EUR/USD-French-Elections - BUY Position:

Entry Level - 1.06700
SL - 1.05500
TP - 1.09800

* Note that for Conservative view, the ABC Corrective Structure would still need to be available.

* Safety Measures:
- when in the green, move SL to break-even or in profit.
Comment: 1.0700 Levels held nicely
Trade closed: target reached: looking for sells now
Trade closed: target reached
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That's good. Thank you so much.
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Lionheart-EWA kimphuongdr
@kimphuongdr, you're welcome Kim and with pleasure.
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