Razvan

EURUSD - Playing a liitle with Elliott

FX:EURUSD   Euro Fx/U.S. Dollar
640 4 3
Just looking at a simple wave count and using some Fibo extensions, i would say that 1.3590 - 1.3645 would be the target for this up move and after that 1.3450. A bold forecast, but let's see how it will go :)
SignalTradersUK
4 years ago
agree with the direction, though wave 5 could go a lot higher and reach the Monthly trend line down. Which would set up nicely for the corrective wave down. Just have to wait and see ;)
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Razvan SignalTradersUK
4 years ago
Yep it could happen, but in that case it would become an extended wave, or we should recount the waves :). There are a lot of news coming, so everything is possible :D
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SignalTradersUK
4 years ago
agreed, though from a larger time frame, this could be a wave 3 of a bigger 3, so possibly the most powerful of an implusive
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Razvan
4 years ago
False breakout and dropped like a rock to the target level.
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