There was something wrong with my previous currency trading analysis on GBPUSD, which means invalid. It’s seems like bullish is still there. Very different with EURUSD. Anyway, here is my simple analysis for EURUSD.
As you can see, I already put my order on this pair, with about 50 pips stop loss at number 1. Which means, if the price goes beyond 1.3297, all the counting will be invalid. Because, one of the Elliot Wave rules is wave 4 should not go beyond ending of Wave 1.
EURUSD is also testing 200 EMA level on 4 hour timeframe, that’s means… it is a mini resistance for the short term, right?
I hope this counting will be valid so I can go travel to Palawan Island in Philippine!