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EURUSD Long: A second Entry at Triangle Completion

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Euro / Dolar A.S. (FX:EURUSD)  
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FX:EURUSD   Euro / Dolar A.S.
EURUSD euro glennmercer gmercerfx Elliott Wave EW waves wavetheory wavecount breakout bullishimpulse Symmetrical Triangle contractingtriangle Triangle trendcontinuation AB=CD
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eurusd euro glennmercer gmercerfx elliottwaves ew waves wavetheory wavecount breakout bullishimpulse symmetricaltriangle contractingtriangle triangle trendcontinuation abcdpattern
EURUSD is nearing the completion of wave-(e) of a possible contracting triangle that could mark the end of wave-(2) before the three-of-C breakout. Entry at AB=CD inside of wave-(e) is confluent with the completion of a bullish cypher and may act as a catalyst for the bullish impulse. Long term target is placed at A=C. It is possible that another rebound off of the top of the triangle could occur, but we would avoid our SL as price would remain inside of the contracting triangle and the breakout would likely occur soon after.
Komen:
First bullish entry:
Long EURUSD: Potential Rally Through (iii)-of-C
Dagangan aktif
Dagangan ditutup: hentian tercapai:
ECB announcement calls for a recount

Idea Berkaitan

glennmercer
EURUSD Wave Count and Something to Consider
glennmercer
Long EURUSD: Potential Rally Through (iii)-of-C
Penafian

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