Birds eye view ... long term EURUSD map
Updated
=> Here we have the longer term map for EURUSD which shows from a wave perspective that we are looking to form a base at our 1.05-1.06 target areas before resuming the break up.
=> Since Jan 2017 we have been in a large ABC where the "A" and "B" legs have completed with a bullish flavour. Here we can expect to see another advance similar in magnitude to that of the initial rally last year in 2017 after we have formed the base which will take out the highs in Feb 2018.
=> A mouthful I know ... to put it simply we are tracking the forming of a LT bottom in EUR by marking the end of wave 2 and continuing the longer term uptrend that started in Jan 2017.
=> For those in the telegram we have a detailed macro and political post coming for Europe with our end of year reports, including outlooks and expectations for the year ahead.
=> Good luck to those trading EURUSD in live or for those waiting patiently on the sidelines for the base to form.
=> Since Jan 2017 we have been in a large ABC where the "A" and "B" legs have completed with a bullish flavour. Here we can expect to see another advance similar in magnitude to that of the initial rally last year in 2017 after we have formed the base which will take out the highs in Feb 2018.
=> A mouthful I know ... to put it simply we are tracking the forming of a LT bottom in EUR by marking the end of wave 2 and continuing the longer term uptrend that started in Jan 2017.
=> For those in the telegram we have a detailed macro and political post coming for Europe with our end of year reports, including outlooks and expectations for the year ahead.
=> Good luck to those trading EURUSD in live or for those waiting patiently on the sidelines for the base to form.
Note
Related publications
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.