We're tracking a potential Wave (5) extension on EUR/USD after a clean completion of Wave (4), which bounced right from the golden zone between the 0.382–0.5 fib levels.
🔍 Structure & Context:
Wave (4) bottomed at 1.1065, aligning with key fib confluence and RSI oversold bounce.
Price is now showing early signs of bullish momentum, currently trading just under 1.1200, above the 0.382 retracement.
If this count holds, we could be entering the early phase of a bullish impulse leg toward 1.1572 and possibly 1.1755 for Wave (5).
🧩 Technical Confluences:
✅ Fib retracement support (0.382–0.5) held strong
✅ Price reclaiming 20/50 EMAs; 200 EMA still overhead but flattening
✅ RSI recovering above 47, showing room for upside
✅ Minor resistance at 1.1272 → watch for breakout confirmation
🎯 Key Levels:
Entry Zone: 1.1150–1.1190
Wave 5 Target:
⚡ TP1: 1.1388 (0.618 ext)
⚡ TP2: 1.1572 (wave projection)
⚡ TP3: 1.1755 (extended target)
Invalidation: Break and close below 1.1045
📌 Plan: Looking for bullish continuation confirmation above 1.1225 with strong momentum. Tight risk with upside reward aligning beautifully with the wave structure 📈
💬 Let me know your thoughts on this count—bullish or premature?
📊 Drop a like if you're trading EUR/USD & follow for more wave-based setups!
WrightWayInvestments
WrightWayInvestments
WrightWayInvestments
🔍 Structure & Context:
Wave (4) bottomed at 1.1065, aligning with key fib confluence and RSI oversold bounce.
Price is now showing early signs of bullish momentum, currently trading just under 1.1200, above the 0.382 retracement.
If this count holds, we could be entering the early phase of a bullish impulse leg toward 1.1572 and possibly 1.1755 for Wave (5).
🧩 Technical Confluences:
✅ Fib retracement support (0.382–0.5) held strong
✅ Price reclaiming 20/50 EMAs; 200 EMA still overhead but flattening
✅ RSI recovering above 47, showing room for upside
✅ Minor resistance at 1.1272 → watch for breakout confirmation
🎯 Key Levels:
Entry Zone: 1.1150–1.1190
Wave 5 Target:
⚡ TP1: 1.1388 (0.618 ext)
⚡ TP2: 1.1572 (wave projection)
⚡ TP3: 1.1755 (extended target)
Invalidation: Break and close below 1.1045
📌 Plan: Looking for bullish continuation confirmation above 1.1225 with strong momentum. Tight risk with upside reward aligning beautifully with the wave structure 📈
💬 Let me know your thoughts on this count—bullish or premature?
📊 Drop a like if you're trading EUR/USD & follow for more wave-based setups!
WrightWayInvestments
WrightWayInvestments
WrightWayInvestments
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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.
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.