EURUSD Has Begun Wave 5, Ichimoku Confirmation
Prices have closed above the Ichimoku Cloud on the 15-minute chart and within the Cloud on the 1-hour chart, indicating that wave 4 is mostly likely complete. The first Elliott confirmation of the new trend will occur when we can count the first sequence of five waves up. If this wave count is correct, prices should not decline below the previous low at 1.0667.
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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.