EURUSD short and then long - Supply Demand, Elliot Wave

11 ก.พ. 2021

For EURUSD I expect right now that the market will drop down at least for a small correction. Based on the last impulse to the upside the market needs to give us right now a correction. This is perfect in confluence with the Supply Zone.

At the Support Level / Demand we also have an inverted Head and Shoulders Pattern. This will bring the price to the upside.

Everything is also in confluence with the Elliot Wave Theory. The market has provided us a nice ABC Correction. Right now it started a new impulsive to the upside

What do you think?