EURUSD abc correction

7 Jan 2016


elliot wave



my wave count on eurusd daily swing.

the price are now in correction.the wave pattern seems to complete its end of c wave correction in smaller degree.
the target wave can be the wave 3 and can also be a wave C in higher degree of wave.

my other clue that strength my decision is the diversion that formed to the stochastic oscillator that indicate the price will go up.

my target can be up to 1.1600 while the stop loss can be put around 1.0760. be care careful with the reward. please ensure that reward must be greater than your losses.

good luck!! happy trading!!



disclaimer
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this forex trading idea was published for the purpose of study only. all the risk taking are at your own responsibility.
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tags : forex trading elliotwave analysis price action

pipsumo Traderfx

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.