the EUR/USD has finished forming the 123 of the current elliot wave, and currently is going short to form the next 4 wave.
price is expecting to plummet (drop) after it has succumbed (surrendered) to the 1.207 area. It is hence recommended to place a stop loss at that area
Price action is expected to drop while forming the 4th wave of the current Elliot. heading towards 1.145 or the .382 Fibo level of the Previous Elliot 123 rally.
Take Profits:
Traders are recommended to have an initial TP around the Psycological level TP1= 1.16
Closing 50% of their trade afterwards
whereas the TP2 would be around TP2 = 1.145
or around the .382 of the Previous wave Rally
Trade Safe, and Have Fun!
price is expecting to plummet (drop) after it has succumbed (surrendered) to the 1.207 area. It is hence recommended to place a stop loss at that area
Price action is expected to drop while forming the 4th wave of the current Elliot. heading towards 1.145 or the .382 Fibo level of the Previous Elliot 123 rally.
Take Profits:
Traders are recommended to have an initial TP around the Psycological level TP1= 1.16
Closing 50% of their trade afterwards
whereas the TP2 would be around TP2 = 1.145
or around the .382 of the Previous wave Rally
Trade Safe, and Have Fun!