EUR/USD Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

Euro/US Dollar (EUR/USD) day chart

EUR/USD Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Blue wave 1.

Position: Black wave 3.

Direction next lower degrees: Blue wave 2.

Details: Blue wave Y of 2 looking completed at 1.06985. Now blue wave 1 of 3 is in play.

Wave Cancel invalid level: 1.06985.

Euro/US Dollar (EUR/USD) four hour chart

Function: Trend.

Mode: Impulsive.

Structure: Blue wave 1.

Position: Black wave 3.

Direction next lower degrees: Blue wave 2

Details: Blue wave Y of 2 looking completed at 1.06985. Now blue wave 1 of 3 is in play.

Wave Cancel invalid level: 1.06985.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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