TradingView
meszaros
Jan 14, 2021 11:32 PM

The EURUSD correction may continue. Short

Euro Fx/U.S. DollarFXCM

Description

The EURUSD correction may continue. The analysis shows that the ascending wave sequences (green square) are the same size (1x). The correction response waves given to these (1x, 2x, 4x) wave sequences marked with a red square are doubled. Therefore, if we keep in mind the law of the wave sequence, it can be assumed that the 4x wave sequence now follows. Briefly, it is double the previous correction wave sequence. The target price is 1,16981

Comment


Long-term EURUSD motion trajectory forecast.(based on fractal calculations)
Comments
importantCode12562
good analysis
meszaros
@importantCode12562, Thank you very much.
mindvest
Same view on GBPUSD , made me curious about Fractal Calculation
AlkalineFX
Artwork
meszaros
@AlkalineFX, 👍😀
More