As we can see the from the picture, the EUR/USD managed to complete the five waves upward and then faced a strong daily support.
This daily support could prove difficult to be broken and might to lead to a reversal.
This reversal might be translated into three wave downwards which are known by Elliott Waves A - B -C.
Let's see if the drop will occur in the next few days.
Trade Responsibly 🙂
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“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
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Risk Disclaimer: All trading ideas published by collegeofpips are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
This daily support could prove difficult to be broken and might to lead to a reversal.
This reversal might be translated into three wave downwards which are known by Elliott Waves A - B -C.
Let's see if the drop will occur in the next few days.
Trade Responsibly 🙂
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by collegeofpips are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
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