EUR/USD - Quick Update About Short Position
I have just opened the third and last position within my EURUSD pyramid. I did have a sprint towards the 1.10 in mind if the NFP doesn't come out as expected but I did expect the unexpected.
Looking at the Elliot Wave count it actually makes perfect sense. Based on that we are seeing a perfect (orange ) 2 within the (red and blue) fives and overlaying c. Therefore we are not going any higher than the (red) 4 to keep the setup valid.
Hence, 1.05 and 1.02/00 we are coming!
Stop Loss for all short positions at 1.12
Looking at the Elliot Wave count it actually makes perfect sense. Based on that we are seeing a perfect (orange ) 2 within the (red and blue) fives and overlaying c. Therefore we are not going any higher than the (red) 4 to keep the setup valid.
Hence, 1.05 and 1.02/00 we are coming!
Stop Loss for all short positions at 1.12
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.