EURUSD Elliot Wave Analysis

• 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
  

Kommentera:

Depending on how deep/shallow wave 4 corrects, may adjust wave 5 projection.
Wave 5 Projection set tentatively for now.

Handel aktiv:

Price made a u-turn just above my area of interest.

Trade stängt: Stopp nått:

Truncated 5th Wave formed.
Trade is now Bearish.