csohrab

EURUSD Wave 5 Coming

FX:EURUSD   유로 / 미국 달러
EURUSD is currently finishing a wave 4 and getting ready for a wave 5. There are two entries; a buy miniumum at the -27% of the ABC of wave 4 and a buy maximum at the -61.8% if wave 4 corrects lower. Keep in mind that the ECB has their interest rate decision and press conference on Thursday Oct 24th at 7:45-8:30am EST. This will cause a lot of volatility in the market. It could either push prices immediately higher or it could push them lower to our buy zones. First take profit (TP) is at the fib cluster of -27% & 50% @ 1.12300. Second TP at the fib cluster -61.8% & 61.8% @ 1.13000 round psychological number. The first & second TP's are both confluent at fib levels of 50% & 61.8% of entire year. The high of the year is at 1.15700 on January 10th and the low of the year made on October 1st. Will update upon completion of wave 5. This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
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