Hello!
Nice movement up as discussed in my last chart.
I am selling EURUSD now based upon a Daily Time Frame Elliot Wave Analysis pointing out a Wave 5 downward. There is also a Fibonacci Retracement
Cluster 50% and 61.8% on the left (Top and 2nd Peaks of Daily Time Frame Wave). The Black Box also points out Weekly Resistance. There is also a 1:1 AB-CD Ratio being hit in the current Wave 4 Correction Move Up. This Wave Four is also presenting Elliot Wave Structure, pointing out that there would be One More Wave left to the upside according to this count. There is a Harmonic PRZ (Bat) indicated by the Horizontal Ray at 1.2065. This is also in close proximity to the Major Downward Trendline connecting the highs of this prior Daily Timeframe Down Wave.
I will be selling after one more wave to the upside at 1.2065 Levels Approximately
High
Nice movement up as discussed in my last chart.
I am selling EURUSD now based upon a Daily Time Frame Elliot Wave Analysis pointing out a Wave 5 downward. There is also a Fibonacci Retracement
Cluster 50% and 61.8% on the left (Top and 2nd Peaks of Daily Time Frame Wave). The Black Box also points out Weekly Resistance. There is also a 1:1 AB-CD Ratio being hit in the current Wave 4 Correction Move Up. This Wave Four is also presenting Elliot Wave Structure, pointing out that there would be One More Wave left to the upside according to this count. There is a Harmonic PRZ (Bat) indicated by the Horizontal Ray at 1.2065. This is also in close proximity to the Major Downward Trendline connecting the highs of this prior Daily Timeframe Down Wave.
I will be selling after one more wave to the upside at 1.2065 Levels Approximately
High
