EURUSD
D1 - The price has reached level 161, which may lead to a potential correction and the formation of the 2nd wave. The price may correct by 50-60% of the impulse.
H4 - The price has formed a 3-wave structure, with a breakout of 1 wave, which may lead to a correctional ABC structure to the levels of 1.08721. The risks should also not be increased for a corrective movement.
What can you expect?
You can consider entering from the level of ~1.07818 with further movement to the target 1.9019. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 1.07414 or the 1st wave - 1.07216.
Long
Targets 1.08155 - 1.08367 - 1.08721 - 1.9019
D1 - The price has reached level 161, which may lead to a potential correction and the formation of the 2nd wave. The price may correct by 50-60% of the impulse.
H4 - The price has formed a 3-wave structure, with a breakout of 1 wave, which may lead to a correctional ABC structure to the levels of 1.08721. The risks should also not be increased for a corrective movement.
What can you expect?
You can consider entering from the level of ~1.07818 with further movement to the target 1.9019. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 1.07414 or the 1st wave - 1.07216.
Long
Targets 1.08155 - 1.08367 - 1.08721 - 1.9019
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.