This is my Elliott wave idea about EURUSD.
Now We are in sub-wave (5) (Red) of wave 1 (Black).
Soon the wave 1 (Black) will be completed and the wave 2(Black) will start.
If the assumption is correct,
The wave 1 will grow to the levels of 1.121-1.130.
In this scenario, the stop loss level is 1.107
Weekly chart
1Day chart
Now We are in sub-wave (5) (Red) of wave 1 (Black).
Soon the wave 1 (Black) will be completed and the wave 2(Black) will start.
If the assumption is correct,
The wave 1 will grow to the levels of 1.121-1.130.
In this scenario, the stop loss level is 1.107
Weekly chart
1Day chart
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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.