AlexxChan
Long

EURUSD to complete 5th wave?

FX:EURUSD   Euro / U.S. Dollar
EURUSD             has been steadily going higher and higher, and if my wave count is correct, I am expecting a 5th impulse wave up to around 1.13500. Personally I am waiting for a clear signal to see a reversal on the current movement.
Comment: EURUSD going up well
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Comment: EURUSD Looking great
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Comment: BAM, lets see where this goes now
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Comment: NEW IDEA
Nice Job
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akadir1 akadir1
I stayed out of this trade as wave 4 shouldn't overlap the High of wave 1
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AlexxChan akadir1
Yeah I miss counted my wave, 5th wave shouldve just been a 3rd wave. Im currently waiting for a 4th waves retracement
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" Personally I am waiting for a clear signal to see a reversal on the current movement." You're waiting for a shorting opportunity?
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AlexxChan Lucid.Trader
Nope, a reversal going up. Right now the pair seems creating another impulse wave
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Lucid.Trader AlexxChan
What other reversal confirmations did you have besides the elliot-5th-wave-up?
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AlexxChan Lucid.Trader
Well EURUSD created a bullish engulfing candle which helps solidify my bullish sentiment
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Here 4 crossed 1 to the downside .Hence this setup is not suitable for elliotwave principles
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AlexxChan waterman
Thanks, I'll watch out for that next time
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