■Outlook of EURUSD 1Day chart, Scenario 1.
I think that we are on sub-waves of "wave X" on the Upper Degree.
Sub-waves of Wave X are Red-line.
Probably, The sub-waves of wave X will be "Triangle".
If the assumption is correct, We are on sub-wave D of the Triangle.
The sub-wave of wave D is probably Flat with sub-wave (c) extended.
Wave D will end soon.
When the sub-wave D is complete, the trend will switch to an up-trend.
The next wave is the last E.
The sub-wave E will grow to the levels of 1.185-1.20 (Fibonacci, 61.8-78.6%) .
■Scenario 1
Last time idea, Jan 9, 1D.
■Scenario 1
Oct 30 idea, 1M.
■Scenario 2.
Jan 29, 1W
I think that we are on sub-waves of "wave X" on the Upper Degree.
Sub-waves of Wave X are Red-line.
Probably, The sub-waves of wave X will be "Triangle".
If the assumption is correct, We are on sub-wave D of the Triangle.
The sub-wave of wave D is probably Flat with sub-wave (c) extended.
Wave D will end soon.
When the sub-wave D is complete, the trend will switch to an up-trend.
The next wave is the last E.
The sub-wave E will grow to the levels of 1.185-1.20 (Fibonacci, 61.8-78.6%) .
■Scenario 1
Last time idea, Jan 9, 1D.
■Scenario 1
Oct 30 idea, 1M.
■Scenario 2.
Jan 29, 1W
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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.