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The article covers the following topics:
Main meals
- The main scenario: Consider short sites of corrections less than 1.1380 with 1.1055 – 1.0900. Selling signal: The price is less than 1.1380. Stop loss: above 1.1420, take profits: 1.1055 – 1.0900.
- An alternative scenario: The penetration and unification above the level of 1.1380 will allow the husband to continue to rise to 1.1750 – 1.2050 levels. Buy signal: The 1.1380 level is broken to the upper direction. Loss: Less than 1.1340, take profits: 1.1750 – 1.2050.
The main scenario
Consider short sites of corrections less than 1.1380 with 1.1055 – 1.0900.
Alternative
The penetration and unification above the level of 1.1380 will allow the husband to continue to rise to 1.1750 – 1.2050 levels.
analysis
On the daily chart, the first -class upward wave is formed (1), and the decline correction is completed as the second wave (2). In the H4 timeline, the third -class (3) wave began to reveal, with the first anti -1st -degree anti -1 wave of (3) to form its role. The third wave of 1 is formed on the H1 chart, and a local correction continues to grow as the fourth wave of 1, with the wave (C) of IV reveals as its part. If the assumption is correct, Euro/dollars It will continue to decrease to 1.1055 – 1.0900 levels. 1.1380 level is very important in this scenario. His outbreak will allow the husband to continue to rise to 1.1750 – 1.2050 levels.
This expectation depends on Elliot wave theory. When developing trading strategies, it is necessary to consider the basic factors, as the market situation can change at any time.
Eurusd price scheme in the actual time
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