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Euro / U.S. Dollar
Updated

EURUSD Elliot Wave Analysis

250
  • Expecting the minor wave FLAT (Marked by Green Lines) to complete down to the 1.12138 - 1.20141 price zone (Blue Rectangle).
    Staying out the market till then.
  • Will Look for Buying opportunity in this area. Bullish Target will be the End of Primary Wave 5 @ 1.26945 (Marked by Black Lines)
    Intermediate Wave 5 (Marked by Red Lines) may carry prices a bit higher to the 1.27967

Note
Depending on how deep/shallow wave 4 corrects, may adjust wave 5 projection.
Wave 5 Projection set tentatively for now.
Trade active
Price made a u-turn just above my area of interest.
Trade closed: stop reached
Truncated 5th Wave formed.
Trade is now Bearish.
Maule
Elliott WaveFibonacciMultiple Time Frame Analysis

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.
Elliott WaveFibonacciMultiple Time Frame Analysis
Maule

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.