EURUSD on May 22, 2024 is the ending point of this adjustmentHello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
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Look at H1
- Currently, the price continues to complete wave c during the abc correction
- As in the previous measurement, we forecast two potential price ranges to end wave c: area 1.0822 and area 1.0787.
- Looking at the price dynamics as well as the time of the adjustment process up to now, I am leaning towards the price range of 1.0822 which will be the potential end of wave c.
Trading plan
We wait for the price to reach the potential target of wave C to buy at the price range of 1.0822.
In addition, we should pay attention to the 1.0843 area. This is the bottom of a. We see here 2 strong bullish candles forming at the bottom of a. This tells us that this area has a very strong demand. Next, the price retested with very large volume plus a withdrawal candle, proving that the green bridge is still hidden in this area. We wait for a "spring" in this area or a test candle with low volume
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
