Posted on

EURUSD short tf (4hr) analysis

The 4hr of the EURUSD currently is identified in this analysis to be in a Minor wave C position that is part of an Elliott wave combination (W-X-Y) structure.  Red lines on the chart indicate resistance where the EURUSD is expected to hold before continuing its downtrend.EURUSD chart tomorrow REMIX

Point of invalidation (POI) for this analysis is a price close above ~1.24104.

Ideal point of entry for a short position is a breakout below the low in the EURUSD on April 12, 2018 at ~ 1.22994. The least target for the sell off is the price low (~1.21545) made on March 1, 2018.

One thought on “EURUSD short tf (4hr) analysis

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.