Elliott Wave Street Reports

Imagine that you have in front of your eyes a bearish flag in the EUR/USD, you feel that you must short immediately, but you do not feel confident in doing so, nor do you know how far the price can fall, these doubts abound among all traders when they see an opportunity to enter the market, fortunately here is the Elliott Wave theory it is not the holy grail but allows us to understand the complex price action to create a plan for the future. In the Elliott Wave count for this week of the EUR/USD, we present a trading plan [...]

The EURO against the US Dollar has had a lateral fluctuation during the last months, trapped between 1.1024 and 1.1400. In this report, using the Elliott Wave analysis, we are going to unravel the complex price action and translate it into the language of the waves to have a clear action plan and face any situation. Let's do it! Long term analysis On the weekly chart, the EURO had decreased its value against the USD since January 2018, when it was listed at 1.2556. In July 2019, the pair impacted support at 1.1030, that is, a trip of 1500 pips in [...]

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