Elliott wave is an road map to identify the direction of market.
After Ending Diagonal , New Wave (impulse wave started)
Wave "1" : Motive wave completed(Inside that further sub wave 1-2-3-4-5 Completed).
Wave "2" : Simple zigzag(A ,B completed) now Correction wave C Running, it will reach 1st target of 105.052 .
Kindly hit the like button to...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.2155).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Few days ago, H&S top was spotted in this pair, Now a small inverse H&S is also spotted on the same pair. Also the neckline break wasn't sustained means a failure of the H&S pattern. Above the red line EURUSD should move up aggressively.
FX:EURUSD
Price Should Move up without braking of Invalidation Level in form of 1,2,3,4,5 waves in blue degree.
As you can see wave ((i)) has been finish and currently we are in correction of wave ((ii))
As long as price is above invalidation level you will see further rise in the price in form of wave ((iii)).
The chart now is in a Down Trend but for me a reversal in nearby time can be seen which could lead to the formation of a Cup and handle formation upon the chart .
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2040).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a...
TENEMOS UNA TENDENCIA SEMANAL BAJISTA, DIARIO ACUMULACION, 4h SE VE UNA TENDENCIA BAJSTA DONDE TIENE Q BAJAR A CAPITALIZAR ALGUNOS IMBALANCES
...EN SEMANAL YA LLEGO A MAXIMO DE LA DEVOLUCION DEL FRACTAL, DONDE ESPERARIA UNA VENTA LARGA
MAXIMO TP SERIA DONDE SE VE CUADRO MECHA SIN CAPITALIZAR 1D
