EURUSD Long: Elliott Wave Count + Triangle Breakout

4. Jan. 2017

We have a potential break out of the descending triangle. This could either be a continued bullish correction past previous highs, a continued sideways correction. Alternatively, Wave-X could be counted as a series of bearish impulses and this breakout could be a temporary bullish correction before further downside. If that's the case, I will look for bearish opportunities after SL is hit. Either way, I like the odds of a buy here. Cheers

4. Jan. 2017

Trade ist aktiv

This one is active!

4. Jan. 2017

Anmerkung

Just a word of caution, price has entered the PRZ of a bearish Gartley pattern. Currently up about 21 pips.

5. Jan. 2017

Anmerkung

Beautiful Breakout! Wave count confirmed. Up about 70 pips now. SL Moved to B/E

5. Jan. 2017

Trade geschlossen: Ziel wurde erreicht

+108 Pips

5. Jan. 2017

Anmerkung