EURUSD carving out ABCDE
EURUSD is nicely trading sideways. There are two possible counts on 1H bullish and bearish (green and red ABCDE respectively).
On 5 min chart, I see that EUR should bottom around US open. Nice opportunity to buy some longs. Placing SL will be difficult because wave E can come as ABC expanded flat where wave B can retrace lower than the previous low.
On 5 min chart, I see that EUR should bottom around US open. Nice opportunity to buy some longs. Placing SL will be difficult because wave E can come as ABC expanded flat where wave B can retrace lower than the previous low.
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📏 Chartopedia, with examples of applying ElliottWave to real world charts
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