jannatul96
Long

Long EURUSD - 5th Wave

FX:EURUSD   Euro / U.S. Dollar
BULL CASE:
- Uptrend since 30th May
- Still a 5th wave remaining according to Elliot Wave
- Wave 4 bounced at 0.5 Fib, Wave 1 Resistance & Trend line Support
- Target is 1:1 extension for the 5th Wave
- SL is below Major Resistance
- R:R = 2.23

BEAR CASE
- Major resistance at 1.1820 - 1.840
- Downtrend since 19th Apr

Also, possible H&S formation if price reaches 1.1820 - 1.1840.

Thanks for reading, any feedback is appreciated.
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