EURUSD ElliottWave Projection 05/05 NFP Event
Updated
What I will be looking for today 05/05/16 post the US #NFP Event.. 5 Wave sequence from the 1.0550's should see at least a 0.50% pull back to fill the Gap before deciding direction..
Note
We should be turning Down soon..Note
Pull back seems has been started..Note
Price has re entered within the Triangle area.. According to Elliott's Wave Theory, we can now confirm wave 5 has been completed and from current levels see a deeper pull back towards the 50% retracement (gap area), if not correct deeper.. Count will be Invalidated if price extend into new highs..
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.