What we’ve got here on EUR/USD looks like a clean Elliott Wave setup shaping up.
There’s a strong 5-wave move up that likely forms Wave 1, followed by a simple ABC correction — that gives us Wave 2.
Now price is reacting from that C point, and this could be the beginning of Wave 3, which is usually the most powerful part of the trend.
🟩 Entry Zone: 1.114 – 1.12
🎯 TP: 1.14
🛑 SL: 1.109
⚖️ Risk/Reward Ratio: 1:3
💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
Keep an eye on it — could be a solid setup if it confirms. Drop your thoughts if you're trading this too 👇
There’s a strong 5-wave move up that likely forms Wave 1, followed by a simple ABC correction — that gives us Wave 2.
Now price is reacting from that C point, and this could be the beginning of Wave 3, which is usually the most powerful part of the trend.
🟩 Entry Zone: 1.114 – 1.12
🎯 TP: 1.14
🛑 SL: 1.109
⚖️ Risk/Reward Ratio: 1:3
💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
Keep an eye on it — could be a solid setup if it confirms. Drop your thoughts if you're trading this too 👇
Trade active
Set the stop-loss at breakeven.Trade closed: target reached
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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.
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.