Hi traders,
Last week EU made a bigger (overlapping) correction to the downside so now the wave count is invalid. I must admit that I don't see a clear Elliott wave pattern. There are multiple options.
This last pattern could be a corrective pattern and next week we could see a next impulsive wave.
Or it is a bearish leading diagonal and next week we could see this pair drop.
At the moment my main (fundamental) bias is still bullish.
But let's see what the market does and react.
Trade idea: Wait for more development of price action.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Last week EU made a bigger (overlapping) correction to the downside so now the wave count is invalid. I must admit that I don't see a clear Elliott wave pattern. There are multiple options.
This last pattern could be a corrective pattern and next week we could see a next impulsive wave.
Or it is a bearish leading diagonal and next week we could see this pair drop.
At the moment my main (fundamental) bias is still bullish.
But let's see what the market does and react.
Trade idea: Wait for more development of price action.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
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💯 Learn my strategy based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
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💯 Learn my strategy based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
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.
🆓 Check my IG posts for free education
💯 Learn my strategy based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
💯 Learn my strategy based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
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.