First time I'm attempting to read Elliot waves and us them in conjunction with Ichimoku.
Seems we are in a corrective wave after the 4/12 high point near 100% fib, with a sensible goal set to the flat-top bullish cloud, which also coincides with the 61.8% fib for the long-term range the EURUSD has held.
Seems we are in a corrective wave after the 4/12 high point near 100% fib, with a sensible goal set to the flat-top bullish cloud, which also coincides with the 61.8% fib for the long-term range the EURUSD has held.
Note
now that i look at it, the (2) wave should be several bars back, where price dips below the cloud and bounces off the 23.6% fib.Note
Forgot to add my SL, which is at 1.1355 - the location of the most recent Chikou highNote
1.1355 SL also coincides just above a long flat-top cloud on the 4H chart. If price can break that, we should reconsider the trend,
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.