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Maule

EURUSD Elliot Wave Analysis

Euro / U.S. Dollar (FX:EURUSD)  
Maule Updated   
FX:EURUSD   Euro / U.S. Dollar
Elliott Wave Fibonacci Multiple Time Frame Analysis
2
0
elliottwaves fibonacci mtfa
  • Expecting the minor wave FLAT (Marked by Green Lines) to complete down to the 1.12138 - 1.20141 price zone (Blue Rectangle).
    Staying out the market till then.
  • Will Look for Buying opportunity in this area. Bullish Target will be the End of Primary Wave 5 @ 1.26945 (Marked by Black Lines)
    Intermediate Wave 5 (Marked by Red Lines) may carry prices a bit higher to the 1.27967
Comment:
Depending on how deep/shallow wave 4 corrects, may adjust wave 5 projection.
Wave 5 Projection set tentatively for now.
Trade active:
Price made a u-turn just above my area of interest.
Trade closed: stop reached:
Truncated 5th Wave formed.
Trade is now Bearish.
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