EURUSD(
EURUSD) is trading in the Resistance zone($1.1310-$1.1162), near the upper line of the descending channel and the Monthly Pivot Point.
In terms of Elliott wave theory, it seems that EURUSD has completed five main impulse waves, and with the break of the Uptrend lines, we should expect corrective waves. Most likely, EURUSD is completing microwave 4, and we should expect the next decline and the formation of microwave 5.
I expect EURUSD to fall to at least $1.1073, and the next targets are marked on the chart.
Note: If EURUSD touches $1.1330, we should expect further gains.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD) is trading in the Resistance zone($1.1310-$1.1162), near the upper line of the descending channel and the Monthly Pivot Point.In terms of Elliott wave theory, it seems that EURUSD has completed five main impulse waves, and with the break of the Uptrend lines, we should expect corrective waves. Most likely, EURUSD is completing microwave 4, and we should expect the next decline and the formation of microwave 5.
I expect EURUSD to fall to at least $1.1073, and the next targets are marked on the chart.
Note: If EURUSD touches $1.1330, we should expect further gains.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade was activatedTrade closed: stop reached
I closed the position with Risk-To-Reward: -0.72Although it was close to the first target.
It's better not to let the loss get bigger.
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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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.