EURUSD - 5th Wave Completion ✅
EURUSD has been particularly interesting as of late. It has been following the Elliott Wave schematics on both the higher timeframe and the lower timeframe.
On the monthly timeframe we can see that we're currently in the 5th wave and approaching a structure level where we may see a supportive bounce.
Will be looking to sell EURUSD until we hit the convergence point where we have:
- Structure level
- the -61.8 fibonacci extension
- Channel support
The longer term trade idea:
- Watch for price to reach the convergence zone between 1.04 and 1.05
- Once bullish price action appears, enter with stops below the lows
- Targets: 1.115 (700pips), 1.17 (1250pips)
Comment what you think below!
Goodluck and as always, trade safe!
On the monthly timeframe we can see that we're currently in the 5th wave and approaching a structure level where we may see a supportive bounce.
Will be looking to sell EURUSD until we hit the convergence point where we have:
- Structure level
- the -61.8 fibonacci extension
- Channel support
The longer term trade idea:
- Watch for price to reach the convergence zone between 1.04 and 1.05
- Once bullish price action appears, enter with stops below the lows
- Targets: 1.115 (700pips), 1.17 (1250pips)
Comment what you think below!
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.