SharifAzadeh

EUR/USD; 2 Scenarios For Wave (4)

FX_IDC:EURUSD   EURO / US DOLLAR
49 0 6
I think we are in a lengthy 4th wave that has started from Mid March. Speaking of price, I see 2 scenarios:

i) The descending trend line and the Bearish Bat, as shown in my latest analysis, will halt the current rally and the price will go down for the D wave of a contracting triangle which, after witnessing another 3-wave rally in wave E, will break to the downside and commence the impulsive wave (5) into the parity area.

ii) Bulls break the stiff resistance overhead and continue their run to the 1.17-1.18 area for a Zig Zag 4th wave.

This week will show us which scenario plays out.

Good luck,

Ali Sharifazadeh, CFTe

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out