EUR/USD labeled in a Minor degree C (light blue) wave, with Minute degrees i & ii (green) complete, showing a Zig-Zag in Minute ii (green).
Minute iii (green) has started its sub-waves Minuette (i) & (ii) are also complete, with a Running Flat in Minuette (iii) (black).
Expecting a rally, a bullish impulse and an Extension.
According to Wolfe Wave strategy, we are at the begining of 5th bullish wave also i see some bullish divergences at macd and rsi on weekly chart.
In long term we can aim:
***Your stop loss must be our inclined support in this strategy.
What is Wolfe Wave ...
Still waiting for the flag/pennant pop/breakout to the upside, hopefully tomorrow Wednesday, if not then in the next few days for sure.
No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to you.
HELPFUL VIDEO TO TEACH YOU:
Check my other post with USDCHF and DXY, this correlates to those, mainly stemming from DXY weakness (99% negative correlation). US Dollar is showing major signs of bull weakness which will drive EURUSD higher on a weak Dollar. These are my targets based on TA. I called this bottom in my group over a week ago when price broke the yearly low's (fake breakout). ...
A lot of traders will short here at the MA zone.
Here are the reasons we are long right now:
We bounced at the lows, where we had previous buying support
We are forming a solid W bottom on multiple timeframes
Our indicator is showing very clear bullish divergence
We are publishing our charts and sharing our analysis, so traders can see the market from a ...
As my analysis predicted it in the last post we can see EU sitting now on a double trend forming an X wich can be considered in your confirmation cheklist and we have a bullish candle that can be considered as a second confirmation for the trade, You can even trace an harmonic pattern on the chart as a third confirmation to go long or not on this ...
Once price hit the changing trendline, i suggest you to wait for a couple pullback candles as additional confirmation before going long so you make sure market don't break the trend out.//
PS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE