EURUSD There are 7waves on the daily chart And it's a potential opportunity to buy Eurusd seems to fall down to 1.115area Let's pay attention to 1.115 area, good luck.
Hello, thank you for sharing your idea & thoughts on EURUSD. Can you please explain what do you mean by 7 waves? I can see the red arrows on the chart, but I don't know how is that an indication for reversal. Is this similar to Elliot Waves? Btw, I'm also bullish/longing EURUSD but wanted to hear your valued opinion. Thank you very much.
Figo
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@jasonwhite, thanks for reading, the 7waves are remarked on the chart but it's not Elliot waves theory, it is just structure movement. Now the EURUSD in my view is worth to buy and wait for the bounce. good luck
jasonwhite
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@Figo, Okay, interesting. Is this structure movement of 7waves explained in any book or any article or is this your special own strategy that you invented it? Because I have never heard about it before & was wondering if there is another place to read it.