EURUSD
My expectations:
1. Bullish momentum, first target around the 161% extension of wave 1, a correction that can not cross the top of wave 1 as wave 4, and a new wave 5=wave 1 will terminate the first Major Wave 1 >> correction...
2. New Major impulse wave target the 161% extension of wave 1 (major), this will forge a Bearish Gartley pattern @1.130$;
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
iMPULSE LEG:
Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 );
wave 5 = wave 1
Safe Trades;
Comment:
1H chart: 1st impulse, 5 waves forging major wave 1
Comment:
Sometimes its faster then we think ;)
Comment:
Sell zone ...
