EUR/USD, Are we in the 5th bullish Wolfe Wave on weekly chart? Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 29, 2018 1:51 PM

According to Wolfe Wave strategy, we are at the begining of 5th bullish wave also i see some bullish divergences at macd and rsi on weekly chart.

In long term we can aim:
1.15450
1.17300
1.19600

***Your stop loss must be our inclined support in this strategy.

What is Wolfe Wave Strategy?
forextradingstrategies4u.com/wp-content/uploads/2016/09/wolfe-wave-trading-strategy.png

Fundamental Tips:
After Powell's (FED's chairman) dovish speech, we understood that USA will not increase interest rate in future period as they did in the past.

Source: cnbc.com/2018/11/28/fed-chairman-powell-now-sees-current-interest-rate-level-just-below-neutral.html

Have a nice day,

Berk

⋅ Jan 10, 2019 3:45 PM

1st target reached, congrats :)