EU has broken out of a beautiful impulse channel and has provided a clear retest Apart from the elliott wave theory principles, basic trendline and
support and resistance rules have been ticked off. It also does look like a head and shoulders pattern has formed (indicated by the red arrow symbols)
and this is really a good confirmation of the change in direction. Looking to pull off a little patience dance as it pulls back to between 1.121470 and 1.121580
to provide wave 2 in the 5 wave sequence that makes up the subwaves to wave (C).
Let me know what your thoughts are below in the comments, I would love explore some ideas and thoughts behind this pair.
I will be updating it's movements below, so please do stay tuned in as the week goes.
Have a blessed trading week ahead.
support and resistance rules have been ticked off. It also does look like a head and shoulders pattern has formed (indicated by the red arrow symbols)
and this is really a good confirmation of the change in direction. Looking to pull off a little patience dance as it pulls back to between 1.121470 and 1.121580
to provide wave 2 in the 5 wave sequence that makes up the subwaves to wave (C).
Let me know what your thoughts are below in the comments, I would love explore some ideas and thoughts behind this pair.
I will be updating it's movements below, so please do stay tuned in as the week goes.
Have a blessed trading week ahead.
Comment:
The possible scenarios, same bias. This time we will be ready
Trade closed: target reached:
Target 1 and 2 hit, target 3 pending
Target 1 and 2 hit, target 3 pending
Totally missed this beauty waiting for a clear in bubble reversal. However, stay tuned for a re-entry opportunity