EURUSD ElliottWave Projection 05/05 NFP Event

5 May 2017

What I will be looking for today 05/05/16 post the US #NFP Event.. 5 Wave sequence from the 1.0550's should see at least a 0.50% pull back to fill the Gap before deciding direction..

6 May 2017

Not

We should be turning Down soon..

8 May 2017

Not

Pull back seems has been started..

8 May 2017

Not

Price has re entered within the Triangle area.. According to Elliott's Wave Theory, we can now confirm wave 5 has been completed and from current levels see a deeper pull back towards the 50% retracement (gap area), if not correct deeper.. Count will be Invalidated if price extend into new highs..