Euro looks to be moving in a complex Wave 4 correction, W-X-Y , with the current progression in last stages of Wave X.
Note
Euro : 4H : So far exactly as expected : If this is the Hypo 2 (Green) playing out then we should see a reversal right from this level, however if we see a down move below 1.3800 level then that would suggest that more downside is on the cards as Hypo 1 (Red) is playing out : Note
Euro : 4H : Following the arrows so far : Low risk long opportunity with SL below Swing low : Note
Euro : Avoid upside trades for now, unless there is any clear confirmation. Reason : DXY looks Bullish, hence Hypo 1 might be playing out here : DXY Count :
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Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Disclaimer
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.