Elliott Wave Analysis & Forecast, EURUSD, Daily 9th April, 2022
In my view green wave 2 is formed or nearly to complete as
downside move is limited. Only break below 1.0637 will invalidate our preferred
scenario and force us to re draw waves but chances are low. If the current low
1.0850 intact in coming days, then we can presume that green wave 2 has
completed and next rally higher in green wave 3 has started and will enroot break 1.2350 and much higher.
Buyers can enter into trade on
Monday opening by placing tight stop loss near 1.0805 (recent low) targeting
1.12 and 1.15. This trade will give good risk reward ratio.
Muhiuddin
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