leszekstanislaw

EURUSD - correction(s) completed

Long
FX:EURUSD   Euro / U.S. Dollar
Hi All,
This idea is based on YuzukiChan's idea (thank you vey much!). Agree with Elliot waves structure - we had 5 waves impulse, then we had abc correction, now we starter impulse and withing this we had smaller correction impulse.

Targets are
  • 1st - little below last top (this is also 127.1% of fibo extenstion from small correction move) (RR - ca 7.5
  • 2nd - supposing price broke S/R zone - 161.8% this small correction
  • 3rd - this is going to be too lucky, but 127.1% of bigger correction

Legend:
  • Green lines - impulses,
  • Red lines - corrections.
  • Grey areas - S/R zones.

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