Elliottwave Analysis: EUR/USD, Sell at market

Yue Wang LinoCapital

EURUSD is still capped by daily Ichimolu cloud.

Unless a clearly closed above 1.1432, we could not rule out an unfinished 5 wave decline from 1.2555.

For now price consolidated in a narrow range.

But DXY already closed above 97.05, further upside is very likely.

We'll try a tactical short and look to add or reverse when the trend is confirmed.

EURUSD Trade Idea: (Spot 1.1365)

Sell @ market SL 1.1525 Take Profit @ 1.1166

Intraday Trade Idea:

Sell Latentinterest Order: 1.1385

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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