EURUSD Analysis August 15, 2020
Waiting for market to reject from resistance level to confirm Wave D. Once Wave D is confirm then Wave E is also confirmed with a Fibonacci Retracement from Wave D then we may see a bullish market to target 1.22000. Therefore we may have a short sell from Wave D to Wave E then a buy from Wave E to target 1.22000 or higher to complete the 5th Wave in the Wave Elliott Pattern. As the 5th Wave in the Wave Elliott Pattern must close above the 3rd Wave.
Disclaimer
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.