0.786 is the point to let you make as much money as you want!
If you want to make money from Capital Market ,you have to be proficient in the three theory!
Eat up all the rest 3 waves to make as much as you want. Trade well!
By now, obviously, Euro is creating the right shoulder to form a Head-shoulder pattern by a Flat Correction for the nearest downtrend impulsive wave. It's also a very good opportunity to take all the profit of the said three corrective waves because the price movement has clearly already tell us what the price will be going in the coming days( most possibly 10...
EUR is most possibly creating the right shoulder. Based on Wolfe Wave Pattern and Head-Shoulder Pattern, price will continue down trend to touch the Wolfe EPA line. Sell Euro again when right shoulder completed.
There are two price target lines formed during the correction phase on EURUSD daily chart in the same consolidation. Let's see how the Wolfe Pattern will develop.
Euro is finishing its top creation and crossing the trend lines. Based on Wolfe EPA pattern, when the price totally crossing trend lines downwards, sell Euro going short, making as much money as you can (:=D It's only my personal suggestion for the Wolfe Pattern, the final trading decision is totally up to you. Trade well and take care Tony Dong