From my point of view is it possible an inversion of EURUSD trend.
Now we are at the end of primary cycle of Elliott and in a potential rebound.
The trend created an Head and Shoulder patter (50% possibility) in a critical support area tested more time. So if the price break this area we can have a potential rebound until 1.07 next demand area.
Now we are at the end of primary cycle of Elliott and in a potential rebound.
The trend created an Head and Shoulder patter (50% possibility) in a critical support area tested more time. So if the price break this area we can have a potential rebound until 1.07 next demand area.
Note
close to the targetreflect on the possibility of closing a partial dimension
From my point of view probably further down to the second target
Trade closed: target reached
hit high-end targetso trailing stop in machine
We will update at the end of day to evaluate next move
1) A possible a rebound of price before a new short leg
2) Massive sell action can push the price until 1.04 area
we will see
Trade active
Idea UpdateThe price is close the resistence area and can break up until superior resistence area or go down ... I think this can be a good area where take a new position.
Note
we hit the resistence area on top .. Note
I forgot to close this post... The final target was hitNote
Note
Probably we can have a more deep in demand zone befere a new long wave. I will await next move of market
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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.