Euro Situation
I feel that the 4 in Elliott terms is pretty much there - this goes all the way back to my related idea in April this year.
We can now see the ABC in this move which is part of the higher TF count. It could even be complete here. Now what we are waiting for is the change of character before jumping the gun.
DXY is still playing respectfully -
So now it's just a little confirmation and we can expect to see divergence in momentum to price action.
Nearly there as they say. Would not be surprised to get a dip to the 123.6% level but less likely to give a full 1.618 here.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
We can now see the ABC in this move which is part of the higher TF count. It could even be complete here. Now what we are waiting for is the change of character before jumping the gun.
DXY is still playing respectfully -
So now it's just a little confirmation and we can expect to see divergence in momentum to price action.
Nearly there as they say. Would not be surprised to get a dip to the 123.6% level but less likely to give a full 1.618 here.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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