Guys, the EUR/USD elliott wave structure now counts as terminal within multiple degrees. Moreover, the drop from the February 2018 top looks impulsive into our minuette wave (i) label. A subsequent 3-wave bounce leads subsequently to another downside impulse.
The EUR/USD embarked probably on a third wave of minuette degree journey Southbound.
Our short term analysis gets invalidated if 1.2356 gets crossed to the upside. Watching this level is important now.
Trade Setup:
Wait for 38.2% Rebound
S/L 1.2356
T 1.175
The EUR/USD embarked probably on a third wave of minuette degree journey Southbound.
Our short term analysis gets invalidated if 1.2356 gets crossed to the upside. Watching this level is important now.
Trade Setup:
Wait for 38.2% Rebound
S/L 1.2356
T 1.175
Trade active
38.2% Rebound just occured @ 1.2233Trade closed: stop reached
Note
-1%
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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.
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.