Thursday, January 9, 2020

#EURUSD 1 HR #ElliottWave Count

EURUSD 1 HR Elliott Wave Count

The EURUSD is a few pips from the two equal legs here and it is decision time is this the b wave of the X wave?  If it is the b wave then it needs to hold above 1.0663 so the risk is minimal here for a long and try for the C wave higher.

If it is the X wave then this abc could be the A or W leg and we see 3 legs higher for a B or X wave before lower again.

For me, the best thing to do is wait for the Higher High/Higher Low sequence to start for trying a long.

EURUSD 1 HR Elliott Wave Count
EURUSD 1 HR Elliott Wave Count