Looking to get in on a pullback if it goes there and puts in a bottom (blue box)
30m Wave 3 could be in the offing coming off orange demand area. Target 2:1
It's a longer timeframe trade than I'm used to but I really like the R:R ratio on this one so I will be keen-eyed for a reversal pattern at the entry point. Can't see much below orange boxes to stop it going all the way.
I think there's a bit more upside into Weekly Supply areas personally. Here's how it might play out using Elliot and Supply and demand forecasts.
Things seem to be panning out as per my weekly outlook so i'll take a long like this
Tough to breach this demand zone for a few days i would imagine
Couple of possible entries for a short on the Euro.
Couple of ideas here. Retouch of Supply (orange). Possible breakdown earlier with a head and shoulders
I'll buy any dip into the orange zone in this bullish trend.
Pullback from the Daily and 4hr supply zones (teal and orange boxes).
Looking for a triangle breakout to the upside coming from 4hr demand area (orange)