EURUSD - Quick Elliott Wave Bullish Idea

EURUSD Pair is completing falling wedge pattern. The opportunity to go LONG is here on a little black 5th sub-wave. Break of big blue wedge will confirm CORRECTIVE rally toward 1.20 ish.
I will update this idea with precise target when necessary break outs occur.

Comentário:

As expected, wave 5th of C of B is almost done. Time to watch EURUSD pair closely for a LONG entry.
Risk hungry traders, in attempt to catch the very bottom, can try to enter on the first sign of strength using lower time frame. BUT within blue falling wedge.

I would advise to wait for at least bullish DAILY candlestick pattern.
Keep in mind safe and major entry is to be done when falling wedge is broken up.

Comentário:

A million dollar question for everybody who is watching this idea.

Comentário:

I believe by now we can answer the question with confidence - YES. 5th wave down is completed. EU is ready to break out upward.

Trade ativo:

We broke the wedge today. Congratulations to followers.
Ideal but risky entry was at a tip of 5th wave down on previous comment but I cannot recommend risky entries, those are your calls.
Safe entry is here or on break out retest. Still requires babysitting at early stages as usual.

Trade ativo:

Added long.

Comentário:

Looks like EU is finally breaking up of its humangous Bump area of BARR pattern. It still can spend some time here but eventually it will do what is required.

Comentário:

Wedge has been finally broken and targeting at least 1.18.

I will not update this idea as I am updating another linked EURUSD idea with BARR pattern.