Weekly trading plans: EUR/USD - SPX500 and WTI [Video]
|Nothing better than starting a trading session with Elliott Wave analysis as the warmup. To get a taste of the markets before fully jump into them. Elliott Wave is a great tool to find out the current market cycle and possible future scenarios.
For this week, we are looking to continue following the bullish trend on the S&P 500 index. Wave three might start soon while the EUR/USD is setting up a bullish entry after retrace. Finally, WTI is showing a suspicious behavior, with the Chinese stock index skyrocketing. The oil barely moved up. In this video, you can find details about the Elliott Wave setups.
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.