Last week was a very slow week for EU, it has been in a shallow and ranging structure. Again, this for me says that potential
energy is being gathered up and price is gearing up for a big move in either direction of course. For now, using the Elliott
wave theory, we may be expecting another thrust to the upside. I will be putting the main emphasis of my targets on the
100% extension level of wave (A or 1).
Let me know what your thoughts are on EU for the coming week. I hope you have a blessed trading week ahead. Remember
to apply proper risk management and secure your profit as much as possible.
Please do stay tuned in on these posts as I publish entry developments and trade progress below in the updates section.
energy is being gathered up and price is gearing up for a big move in either direction of course. For now, using the Elliott
wave theory, we may be expecting another thrust to the upside. I will be putting the main emphasis of my targets on the
100% extension level of wave (A or 1).
Let me know what your thoughts are on EU for the coming week. I hope you have a blessed trading week ahead. Remember
to apply proper risk management and secure your profit as much as possible.
Please do stay tuned in on these posts as I publish entry developments and trade progress below in the updates section.
Trade closed: stop reached
It appears I had set my stop loss a little too close, a little bit of a premature entry to be precise. Price pushed down to the 61.8% of wave 1. This is still a valid and strong wave 2 pullback level. I am going to re-enter it now.
Trade active
Re-entry activated
Trade closed: stop reached
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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.