Dear Friends,
Let’s take a closer look and trade accordingly.
From the chart, we are witnessing a promising setup as the price has successfully broken out of the consolidation phase, reaching the $2726 level.
Theoretically, based on Elliott Wave Theory, the pair is currently moving within Wave 4, a corrective wave following the completion of Wave 3, which closed below the $2722 level.
What’s next? The price is likely to test a key liquidity zone, building momentum for a strong Wave 5, targeting $2758—a compelling and significant resistance level.
Good luck, and may you achieve abundant profit:)
Let’s take a closer look and trade accordingly.
From the chart, we are witnessing a promising setup as the price has successfully broken out of the consolidation phase, reaching the $2726 level.
Theoretically, based on Elliott Wave Theory, the pair is currently moving within Wave 4, a corrective wave following the completion of Wave 3, which closed below the $2722 level.
What’s next? The price is likely to test a key liquidity zone, building momentum for a strong Wave 5, targeting $2758—a compelling and significant resistance level.
Good luck, and may you achieve abundant profit:)
Related publications
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.
Related publications
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.