EURUSD on May 22, 2024 is the ending point of this adjustment?
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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.
Financial freedom is true freedom.
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.
Comment:
Comment:
The price has continued to approach the target of wave c. We see that the buying force is weakening. We continue to observe. If the price maintains the confirmation of a reversal above 1.0822, we will enter a BUY order. If the price cannot maintain above this level, we will continue. Continue observing the second target.
Comment:
