Euro / U.S. DollarShort
Elliott Wave Analysis by Wave FX: EurUsd Trade Analysis
Hi Traders, here is my analysis on EurUsd
My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.)
INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board) Setup Invalid (market still developing or correcting) 12345 ( Elliott 5 wave impulse cycle
ABC (simple market corrections)
WXY (Complex correction, 2 basic correction)
WXYXZ (Complex correction; 2 or more simple or basic correction) Types of Correctional wave and their internal structure count:
a-b-c
Flat Correction (3-3-5)
Irregular correction (3-3-5)
ZigZag correction (5-3-5)
a-b-c-d-e
Triangles (3-3-3-3-3)
My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.)
INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board) Setup Invalid (market still developing or correcting) 12345 ( Elliott 5 wave impulse cycle
ABC (simple market corrections)
WXY (Complex correction, 2 basic correction)
WXYXZ (Complex correction; 2 or more simple or basic correction) Types of Correctional wave and their internal structure count:
a-b-c
Flat Correction (3-3-5)
Irregular correction (3-3-5)
ZigZag correction (5-3-5)
a-b-c-d-e
Triangles (3-3-3-3-3)
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.
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.