Elliot Wave finished uptrend. ABC finished and a reversed triangle pattern formed. Second ABC may do two things: follow triangle pattern for a diamond pattern, or follow trendlines and go bullish.
*Expecting that EURUSD go bullish, then it can be expected to go bearish for the time being, until it hits the lower trendline.
Note: whales will follow EURUSD market direction. In this market they will probably wait and then go sell.
*Expecting that EURUSD go bullish, then it can be expected to go bearish for the time being, until it hits the lower trendline.
Note: whales will follow EURUSD market direction. In this market they will probably wait and then go sell.
- It's a risky trade.
Trade active
Trade active
It will probably reach 151.500. following the 300% of peak 2 and peak 4. Still unsecure if it is peak 4 but is won't affect negative the trade.
Trade closed: stop reached
Chart followed as predicted but take the trend side.
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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.