The Fiber has just completed a 12345 impulsive long move and a bigger335 running flat correction on the daily. Divergence was identified on the daily timeframe and a breakout of structure on the 1hr time frame. At this point EURUSD is ready to start a new WAVE 3 impulsive move on the weekly timeframe . SL @1.17585 and 1st TP @1.22581 NB: Do not risk more than 1%...
Watch as I forecast potential trade set ups on the US Dollar
Watch as I explain some basic Elliot Wave Concepts of Corrective Formations and anticipating the next waves. I Also breaks down the idea of an IF-Then-Thought-Process using Elliot Wave and reacting to price.