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glennmercer

EURUSD Long: Elliott Wave Count + Triangle Breakout

Long
Euro / U.S. Dollar (FX:EURUSD)  
glennmercer Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD euro Elliott Wave wavecount Harmonic Patterns glennmercer gmercerfx
37
2
eurusd euro elliottwaves wavecount harmonicpatterns glennmercer gmercerfx
We have a potential break out of the descending triangle. This could either be a continued bullish correction past previous highs, a continued sideways correction. Alternatively, Wave-X could be counted as a series of bearish impulses and this breakout could be a temporary bullish correction before further downside. If that's the case, I will look for bearish opportunities after SL is hit. Either way, I like the odds of a buy here. Cheers
Trade active:
This one is active!
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Comment:
Just a word of caution, price has entered the PRZ of a bearish Gartley pattern. Currently up about 21 pips.
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Comment:
Beautiful Breakout! Wave count confirmed. Up about 70 pips now. SL Moved to B/E
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Trade closed: target reached:
+108 Pips
Comment:

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