Euro / U.S. Dollar
Long

Possible impulse wave on EURUSD

107
Hello world,

theory:
another possible impulse wave.

We have:
- a proper looking bullish Elliot impulse wave setup
- price action at (possible) peak level
- highly overbought RSI

What I am waiting for:
- waiting for 4 to turn at channel boundary
- possibly choppy (perhaps even wedgy) wave 4 correction


Happy for feedback.

All the best,
c4ss10p314

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.