DavoodWadi
Short

EURUSD Wolfe Wave Target and a probable point for reversal

FX:EURUSD   Euro Fx/U.S. Dollar
384 0 6
Today EURUSD             blew away the triangle in both directions to make it merely a flat.
Hopefully our stops weren't so big so the loss was bearable.

Now it's heading towards our Wolfe Wave target from last week.

The interesting fact is that as you can see the Wolfe Wave target has made a tight zone with 38.2% retracement line for the whole leading diagonal that I talked about.

I'm shorting EURUSD             at this zone with the stop loss just above wave iv (which is a probable target for the correction as elliott guidelines suggest).

The initial target is to visit the lows again.
You can always trail your stop for bigger targets of course.

Until next time.
Have a good weekend.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out