Reversal - SHORT opportunities on EURUSD
Impulse wave possibly completed, correction to follow.
Entry is just below current consolidation zone - 1.1812
SL is just above 5th wave - 1.8415
TP1 - 0.382 Fib & wave 4 Resistance zone - R:R = 1.51
TP2 - 0.5 Fib and start of major Resistance zone (GREEN BOX) - R:R = 2.24
TP3 - 0.618 Fib and wave 1 resistance - R:R 2.82
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On the bullish side, possible sub 5th wave remaining
Entry above 5th wave - 1.18415
SL below 4th wave - 1.18137
TP1 - 1.18679 - R:R = 0.95
Entry is just below current consolidation zone - 1.1812
SL is just above 5th wave - 1.8415
TP1 - 0.382 Fib & wave 4 Resistance zone - R:R = 1.51
TP2 - 0.5 Fib and start of major Resistance zone (GREEN BOX) - R:R = 2.24
TP3 - 0.618 Fib and wave 1 resistance - R:R 2.82
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On the bullish side, possible sub 5th wave remaining
Entry above 5th wave - 1.18415
SL below 4th wave - 1.18137
TP1 - 1.18679 - R:R = 0.95
Trade closed: target reached
TP1,2,3 hit🙌
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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.