Elliottwave Analysis: EURUSD, move stop to the entry and keep position flexible

Yue Wang LinoCapital

EURUSD was finally downside resolved from the triangle.

However, weekly support line is just ahead.

We still hold the short position from 1.1365, but will move stop to the entry.

FOMC and year-end re-balancing is just ahead, we should keep position flexible ahead key risk event.

Also will consider reverse to long on a clearly close above 1.1400.

Intraday Trade Idea: (spot 1.1306)

Sell Latentinterest Order: 1.1355

Long Latentinterest Order: 1.1246

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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