ElliottWaveStats

EURUSD Still having bearish signals

ElliottWaveStats Updated   
FX:EURUSD   Euro / U.S. Dollar
Main Data:

Indicator Top/Stop Loss: 1.16764$.
Entering Selling Point: 1.16524 $.
Target: 1.15473 $.
R/R Ratio:5:26.

Commentary:

My vias remain marking a medium strong Top at 1.16764$/1.16783 $ zone, up now it seems to be a minute wave c completing an upsidedown Flat Pattern which´d be for itself a primary wave B. If this hypotesis probes to be true, a strong Wave C could lead the prices down 1.15 $.

I have to say that this Top´s strengh is medium and not high, because the leg has passed up the Target Shell Suggested target, if this Top is broken the next stop up there is 1.17499$ zone, then I´m not gonna trade it sl break even more than once.


Trade closed: stop reached

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