EURUSD Elliott Wave setup: Learn while you trade! [Video]
|This week, markets have been sideways and under pressure due to two great fundamentals: US mid-term elections and the CPI report on Thursday. The technical analysis objective is getting an edge to make money in the markets. The first step is finding a bias. The Elliott Wave theory is a tool that gives a high probability price direction. The second step is validating the end of the wave to trigger the trade, and the third step is managing the active trade. If the trader has problems in one of the steps, achieving success will be impossible. The mechanism needs to be synchronized to ensure that all parts work precisely.
You can master the three steps by gaining good experience and watching our market analysis. We love teaching trading in the live markets to empower your trading career. This week we are talking about the SPX500 and EUR/USD.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.