Euro / U.S. DollarUpdated EURUSD week 49, w8 for sellers market formations
1D
Sideway move
In my opinion Elliot impulse wave is ended and now we will have some range moves.
4H
In triangle buyers and sellers squeeze
From one side main downtrend push price lower
However buyers are also active due to BD line as support
1H
I will w8 how price reach Daily SR of 1.12800
I assume that DXY continue uptrend therefore EURUSD will go further down towards 1.12800.
I will short when clear setup for sell will be formed, and price will go out of triangle.
Sideway move
In my opinion Elliot impulse wave is ended and now we will have some range moves.
4H
In triangle buyers and sellers squeeze
From one side main downtrend push price lower
However buyers are also active due to BD line as support
1H
I will w8 how price reach Daily SR of 1.12800
I assume that DXY continue uptrend therefore EURUSD will go further down towards 1.12800.
I will short when clear setup for sell will be formed, and price will go out of triangle.
Order cancelled
It could be worth to enter long for a whileBut better wait for finishing formations
Price in ABC correction after 12345 Elliot waves
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.