We have finished ABC correction AND wave IV, now I think wave V has been started. We can find the (1) wave (which have of 1-5 sequence)
EURUSD looks like it finished complex corrective wave. Now it's first attempt to catch impulse down, be ready.
We have finished corrective IV wave of main uptrend, now it's time to resume trend. On 1hr we already have 1 wave of V wave, let's try to catch wave 3. Good luck! Stop and TP on the chart.
Let's try to catch wave C. Stop on the chart, please always use stop order in your trade. Without Stop order you will loose your account soon)
I will post all my ideas with Stop level. It's more difficult, but only this approach has value for subscribers.
Hello! I have for you very interesting long idea, but if you want to earn money on this trade - you need discipline. It's very hard, I know. Because of that I suggest you targets, and more important, I give you Stop. If you have question, why I placed Stops there, ask me in PM (or read Elliott wave theory). Wave i looks impulsive and finished. We have sequence of...
If you are intersted in EW counting, maybe my view can help you and suggest the ideas for trading opportunity. I will be glad to see your wave count as alternative!
Here you can find ENDING DIAGONAL in 5th wave, it's reversal structure, be ready for sell.
I find a good sell setup with low risk!
Now I see not bad buy setup (with close stop) but profit is limited, if my EW count is correct, after 5 wave we can see big impulse down.
We have 5-wave impulse finished, structure looks like for sell. Stop on the chart.
Right now it looks like it finished downtrend and ready to reverse. I've already bought. Join my trade
On the chart you can see 5-wave impulse, after that ABC correction, so now we have good entry point: low risk with tight stop, because if price go down my idea will be invalidated. And big potential profit! Divergence on MACD between a and c waves.
You can see on my chart wave 1, now it should be correction. It looks like it's making ABC. Now we are in point B, so we can try trade C-wave. Divergence on MACD Risk is very low, as always! If you have any questions or ideas regarding my view - you are welcome!
Now this pair is retesting broken up channel. I think right now it's good moment for sell. Stop and TP on the chart
Idea based on EW count. Now we've finished wave 5 and ready for reversal. MACD can help in wave counting. Details on the chart. Divergence on MACD between wave 3 and 5 - it's very typically for such case.