Elliott waves analysis - EUR/USD. Growth in the lengthening third wave of the impulse. от FreshForex

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Категория: Аналитика брокеров

Опубликовано 15.05.2024 11:54

EURUSD - Up The updated wave scenario has not been refuted by the market yet. This is because the price spent the entire final trading day of the previous week in a sideways movement. It's possible that this correction is the second wave in the emerging upward impulse, within the third wave of an even larger impulse in terms of time. If this is

EURUSD - Up

The updated wave scenario has not been refuted by the market yet. This is because the price spent the entire final trading day of the previous week in a sideways movement. It's possible that this correction is the second wave in the emerging upward impulse, within the third wave of an even larger impulse in terms of time. If this is the case, we would have a lengthened wave and a strong upward impulse movement. This is hinted at by the previously formed initial diagonal triangle, currently considered as wave 1. Therefore, in the near future, a breakout to the upside with significant movement potential is expected. Accordingly, buying in this situation appears to be a promising trading decision. Investment idea: Buy at 1.0790, with a stop loss at 1.0765, and a take profit at 1.1000.

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