Guys, the EUR/USD elliott wave structure now counts as terminal within multiple degrees. Moreover, the drop from the February 2018 top looks impulsive into our minuette wave (i) label. A subsequent 3-wave bounce leads subsequently to another downside impulse.
The EUR/USD embarked probably on a third wave of minuette degree journey Southbound.
Our short term analysis gets invalidated if 1.2356 gets crossed to the upside. Watching this level is important now.
Trade Setup:
Wait for 38.2% Rebound
S/L 1.2356
T 1.175
The EUR/USD embarked probably on a third wave of minuette degree journey Southbound.
Our short term analysis gets invalidated if 1.2356 gets crossed to the upside. Watching this level is important now.
Trade Setup:
Wait for 38.2% Rebound
S/L 1.2356
T 1.175
Trade active:
38.2% Rebound just occured @ 1.2233
Trade closed: stop reached
Comment:
-1%