EUR/USD Planning some setting for tomorrow and Elliot Wave
Updated
Planning some setups for tomorrow.
Green zone are Zones where I search for entry long/close short. Red the other way around.
Made an elliot count. Made it more for fun. This count is bearish since I counted the turquoise W5. Anyway there are alternativ countings, everytime. Feel free to post your countings here. would be happy to see some.
Trend ends when it ends and actually we are still bullish on this timeframe. We are inside the big yellow Trend Channel. A Price at the time where it crosses the pink channel ~1.637 would be a perfect long signal since an AB=CD Pattern would form also. Under 1.6200 my sentiment will change to bearish if downside volitility comes.
If we break the 1.71 to the upside and also the red daily MA100 i expect more bullish power.
Green zone are Zones where I search for entry long/close short. Red the other way around.
Made an elliot count. Made it more for fun. This count is bearish since I counted the turquoise W5. Anyway there are alternativ countings, everytime. Feel free to post your countings here. would be happy to see some.
Trend ends when it ends and actually we are still bullish on this timeframe. We are inside the big yellow Trend Channel. A Price at the time where it crosses the pink channel ~1.637 would be a perfect long signal since an AB=CD Pattern would form also. Under 1.6200 my sentiment will change to bearish if downside volitility comes.
If we break the 1.71 to the upside and also the red daily MA100 i expect more bullish power.
Note
as I sayd my sentiment will change to bearish on 1h TF if the area breaks with volitility. I think next strong support zone will be around turquise Wave IV.
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