Elliott-waves
EURUSD Elliott Wave | Target 1.0875 | Jeremy WagnerHi, EURUSD has hit our previously cited upside target...now the the minimum waves are in place on this recent up trend for EURUSD. Therefore, it is at risk for a reversal to the downside.
Wait for the previous 4th wave to break before entering short. First target is near 1.0875. Second target is near 1.0635. There is a larger final target near 1.02.
I'd give this about 50/50 chance of reaching the first target. That may not sound like a lot, but if all trades that were 1:3 risk to reward ratio had 50% win ratio, then we'd all make money. Run the math and think about that.
Harmonic + Elliott-Waves, AUDCZK.Harmonic + Elliott Waves, AUDCZK.
* T1-16.923
Fifth normal-Wave expectancy, on account of already 3-wave extended.
Plan (A)
Buy-Safe beyond 16.2 for targets 16.7/16.23/17
Profit-Range 19.923 to 17.175, for "A", "B" and for "C" correction.
Plan (B)
Sell if price would not try to move above 17.175 for corrective-wave for target 16.441 and below 16.200, targets 16/15.760
