EURUSD Wolfe Wave Target and a probable point for reversal
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.
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.
