Elliot Wave of IV is near its end at Fibonacci of 1.272 from Wave I (Price about 1.07). The Wave III has ended in Fibonacci of 1.618 from Wave I (Price about 1.05) which is also a strong Support.
Wave V will be at Fibonacci of 2 from Wave I (Price about 1.031) which means that the strong Support will be broken soon.
The Stop loss and Take Profit Position Have been Shown. The stop loss is both in the Resistance/Support Zone and end of Wave I which Wave IV cannot be entered.
Wave V will be at Fibonacci of 2 from Wave I (Price about 1.031) which means that the strong Support will be broken soon.
The Stop loss and Take Profit Position Have been Shown. The stop loss is both in the Resistance/Support Zone and end of Wave I which Wave IV cannot be entered.
Trade active:
As per Elliot Wave suggestion keep going...
Trade active:
Very good following the Elliot Wave
