EURUSD - Eyeing 1.1260 after this correction ends

EURUSD - We're in a wave (iv) correction for now and either we're in a simple ABC correction(doubt) which should find support around 1.1150 - 1.1108 or we're still in wave b playing out as a Flat.
Remeber that waves 4 are very tricky as they can take any corrective shape, so, be carefull when buying and do not expose yourself to too much risk!

Not

Flat option :

Not

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EURUSD - This could be all of red wave ((iv)) here. We have perfect symetry between wave 2 and 4 in time and length ! Very strong support !
Notice that if we see price go up in 3 waves, we need to consider the Flat possibility !

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Price went up but could not make a new high and now is down in 3waves due to the ECB press conference.
This indicated we might be in a Triangle pattern (as long as we reamin above 1.1104.

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First triangle count invalidated. Let's wait some more for things to clear up a bit

ElliottWaveBelgium

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

ElliottWaveBelgium

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