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Phils_Ocean
Dec 5, 2019 8:40 PM

EURUSD 4H Wave Analysis LONG Long

Euro Fx/U.S. DollarFXCM

Description

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  • On Wednesday EURUSD finished it's first 5-waved impulsive move to the upside at ca. 1.11150
  • We are currently in Wave 3 of the bigger picture and wait for a retracement (wave 2) to add to our position for Wave 3 of Wave 3

  • Correction could end tomorrow with USD news before continuing to the upside, giving this week a strong close

  • Stay patient and do not rush. FOMO is your emotions trying to trick you. Be greater and stay disciplined.

    Have a look at my previous analysis to see the full history of this move:


This is no trading advice. Just for educational purpose. Do not risk any capital without trading demo first.
Comments
comanderrich61
so this would be bullish for gold and gdx going up to highs right?
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