Elliott wave analysis for intraday trade. Be aware it's against the main flow of the pair as we know it's just corrective wave so be careful. When it reach the TP it's going the best time for sell. So you take double profit. Buy till the resistance and then sell till support Secure profit on the way to down. To be wealthy you have to respect your money "Money...
As viewed. A Classical pattern is appeared which is Head and shoulders bottom. as per Elliott waves we're finishing up 3 out of 3. A correction is a must so prices will drop to the nearest support and then go back up to get the target of the H&S bottom
I can see from my point of view that right now There's a classic pattern which is Head and shoulders already constructed and the prices already broke the neckline and by taking the target we're heading towards 1.50 so we still have chance to get it so the entry point is going to be after support 1 to be broken. Enjoy your pips!
As we can see It was a downward trend break out and also it faced a STRONG! Support that pushed the price up as soon as it reached the support zone So it'll go till the next Resistance what is R1 and i think it'll break it and going to R2 Goodluck everyone