This is my Elliott wave idea about EURUSD on the 4 hours chart.
An overview of my Elliot wave was shown on January 27th.
We are in sub wave (iii) of wave 3.
I think that We are in sub wave "(iii)-2" after we finished sub wave “(iii)-1” of wave(iii).
I have two scenarios about sub wave “(iii)-2”.
[Main Scenario: The case of Double Zigzag WXY]
I think that Wave “(iii)-2” are continuing.
I will plan to short, after wave “(iii)-3” has passed the end point (@1.1234) of Wave “(iii)-2”.
Short @1.140-1.145 (61.8-78.6%)
Stop loss @1.151.
[Sub Scenario: The case of Zigzag ABC]
I think that Wave “(iii)-2” are completed.
I will plan to short, after the wave "(iii)-2" retraced,
Short @1.120-1.122.
Stop los @1.137.
An overview of my Elliot wave was shown on January 27th.
We are in sub wave (iii) of wave 3.
I think that We are in sub wave "(iii)-2" after we finished sub wave “(iii)-1” of wave(iii).
I have two scenarios about sub wave “(iii)-2”.
[Main Scenario: The case of Double Zigzag WXY]
I think that Wave “(iii)-2” are continuing.
I will plan to short, after wave “(iii)-3” has passed the end point (@1.1234) of Wave “(iii)-2”.
Short @1.140-1.145 (61.8-78.6%)
Stop loss @1.151.
[Sub Scenario: The case of Zigzag ABC]
I think that Wave “(iii)-2” are completed.
I will plan to short, after the wave "(iii)-2" retraced,
Short @1.120-1.122.
Stop los @1.137.
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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.