EURUSD Ride On Wave 5
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EURUSD Wave 5
Based on Wave Analysis, Since April 24 I see this pair move in the public participation phase and bullish as primary trend, last week has been completed corrective wave 4 confirmed by candlestick form inside bar. I expect price will continue move on Wave 5. That mean we still have opportunity to open buy transaction on this pair before make a corrective move at higher degree.
Plan:
Wait until price make wave 1 and then 2 and consider to looking for price action at the end of wave 2,
Area of target of wave 5 : 1.149xx
Based on Wave Analysis, Since April 24 I see this pair move in the public participation phase and bullish as primary trend, last week has been completed corrective wave 4 confirmed by candlestick form inside bar. I expect price will continue move on Wave 5. That mean we still have opportunity to open buy transaction on this pair before make a corrective move at higher degree.
Plan:
Wait until price make wave 1 and then 2 and consider to looking for price action at the end of wave 2,
Area of target of wave 5 : 1.149xx
Note
Price move as expect and now very close with target of wave 1 which have been mark at lower degreePlan :
Wait until price make a sharp correction for wave 2, it can be a zigzags. And then consider to looking candlestick form at golden ratio fibonacci 50% / 61.8% / 78.6% to open buy position
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