EURUSD
Practicing Elliot Wave analysis. I expect a bounce back towards 1.14 to complete W3/B as depicted. Thereafter, we should be due for the notoriously exhausting W3/C.
Plan: I will not trade the retracement per Risk:Reward. I will short the retracement using 4hr chart. Stochastic top around or below 1.14 is a green light to take a stab at SELL. I intend to hold this trade for long. No rush.
Plan: I will not trade the retracement per Risk:Reward. I will short the retracement using 4hr chart. Stochastic top around or below 1.14 is a green light to take a stab at SELL. I intend to hold this trade for long. No rush.
Note
As long as we stay below 1.1445, I am keeping my fingers crossed.
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