With the recent PA of EURUSD and checking with how much strength the price reacted to previous key levels, for me this is my confirmation that the bullish trend might continue on a larger time-frame (check the 4H chart and my previous Elliott Waves analysis) On a smaller time-frame, which is the 15m, we might expect a correction already, but only if the price...
Yesterday's idea worked interesting. I had a 4 RR before I noticed that the trend might change, so I decided to take profits before reaching my desired level. Today I'm looking at a fairly different scenario, to which I'm 60% confident that this might be an extended wave 3 (it reacted to the 2.618 level) on a lower time frame. This means that there are most...
For this setup I'm using my primary Elliott Wave count, considering the higher timeframe's direction such as the 4h and the 15m chart as my entry confirmation, as well as a quick guide to analyze using Elliott Wave structure on smaller timeframes with OBs & Imbalances for entry confirmation. Again, this time I believe the 0.782 level I marked is a potential key...