This analysis shows a bullish Elliott Wave structure forming on the EUR/USD pair. Key elements include:
1️⃣ Wave Count:
Impulse structure in progress with waves 1-2 completed.
Current movement within Wave 3, targeting the 1.618 Fibonacci extension at 1.0735.
Wave 4 pullback expected around 1.0609, followed by the final Wave 5 push towards 1.0999.
2️⃣ Support/Resistance:
Major support at 1.0420 aligns with the 0.618 Fibonacci retracement.
Current resistance at 1.0575 is critical for bullish continuation.
3️⃣ Technical Indicators:
MACD indicates bullish momentum gaining strength.
Watching for potential divergence near Wave 3 target.
4️⃣ Risk Management:
Entry around 1.0570, stop loss at 1.0413.
Target 1: 1.0735 (Wave 3)
Target 2: 1.0999 (Wave 5)
1️⃣ Wave Count:
Impulse structure in progress with waves 1-2 completed.
Current movement within Wave 3, targeting the 1.618 Fibonacci extension at 1.0735.
Wave 4 pullback expected around 1.0609, followed by the final Wave 5 push towards 1.0999.
2️⃣ Support/Resistance:
Major support at 1.0420 aligns with the 0.618 Fibonacci retracement.
Current resistance at 1.0575 is critical for bullish continuation.
3️⃣ Technical Indicators:
MACD indicates bullish momentum gaining strength.
Watching for potential divergence near Wave 3 target.
4️⃣ Risk Management:
Entry around 1.0570, stop loss at 1.0413.
Target 1: 1.0735 (Wave 3)
Target 2: 1.0999 (Wave 5)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.