Similar to what is happening in the Aussie dollar it looks like we are preparing a new bull market in the Euro.
Expected end to this trend will be at around $2.30.
In order to prepare that we need to for a base within Wave 2 after seeing what appears to be a completed 5-Wave move.
That means that it is still early days, and we will be able trade within this corrective structure during that time.
Now it will be all about understanding where each wave begins and where each wave ends in order to generate some profits.
Check out the bigger picture analysis below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Expected end to this trend will be at around $2.30.
In order to prepare that we need to for a base within Wave 2 after seeing what appears to be a completed 5-Wave move.
That means that it is still early days, and we will be able trade within this corrective structure during that time.
Now it will be all about understanding where each wave begins and where each wave ends in order to generate some profits.
Check out the bigger picture analysis below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
