EWA-tokyo

EURUSD, Elliott wave analysis

Short
OANDA:EURUSD   Euro / U.S. Dollar
This is my Elliott wave idea about EURUSD.
It is mostly progressing as expected.
Daily chart, Sep 22th

An overview of EURUSD on 4h chart (Sep 28th).
We are in "sub-wave 4(Blue)" of "wave 5" shown in the Redline.
Soon the sub-wave 4 will be completed and the sub-wave 5 will start.

If the assumption is correct,
The sub-wave 5 will grow to the levels of 1.08-1.09.
In this scenario, the stop loss level is 1.10735.

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