This is my Elliott wave idea about EURUSD on the 4 hours chart.
An overview of my Elliot wave was shown on January 27th.
We are in sub wave (iii) of wave 3.
I think that We are in sub wave "(iii)-2" after we finished sub wave “(iii)-1” of wave(iii).
I have two scenarios about sub wave “(iii)-2”.
I think that Wave “(iii)-2” are continuing.
I will plan to short, after wave “(iii)-3” has passed the end point (@1.1234) of Wave “(iii)-2”.
Short @1.140-1.145 (61.8-78.6%)
Stop loss @1.151.
I think that Wave “(iii)-2” are completed.
I will plan to short, after the wave "(iii)-2" retraced,
Short @1.120-1.122.
Stop los @1.137.
An overview of my Elliot wave was shown on January 27th.
We are in sub wave (iii) of wave 3.
I think that We are in sub wave "(iii)-2" after we finished sub wave “(iii)-1” of wave(iii).
I have two scenarios about sub wave “(iii)-2”.
I think that Wave “(iii)-2” are continuing.
I will plan to short, after wave “(iii)-3” has passed the end point (@1.1234) of Wave “(iii)-2”.
Short @1.140-1.145 (61.8-78.6%)
Stop loss @1.151.
I think that Wave “(iii)-2” are completed.
I will plan to short, after the wave "(iii)-2" retraced,
Short @1.120-1.122.
Stop los @1.137.