In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave charts of EURUSD, which we presented to members. But before digging further into the Charts, we need to understand market nature. The market always fights between the two sides, Buying and Selling. We at elliottwave-forecast.com understand the Market Nature and always recommend trading the no-enemy areas. We called these no-enemy areas which are reflected as blue box areas on our Charts, which gave us the reaction in favor of market direction in 3 swings at least. Now, let us take a quick look at the EURUSD Charts and structure below:
EUR/USD 1 Hour Elliott Wave Chart
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave charts of EURUSD, which we presented to members. But before digging further into the Charts, we need to understand market nature. The market always fights between the two sides, Buying and Selling. We at elliottwave-forecast.com understand the Market Nature and always recommend trading the no-enemy areas. We called these no-enemy areas which are reflected as blue box areas on our Charts, which gave us the reaction in favor of market direction in 3 swings at least. Now, let us take a quick look at the EURUSD Charts and structure below:
EUR/USD 1 Hour Elliott Wave Chart
EURUSD 1 Hour Chart from 9/24/2019 London update. In which the pair is showing reaction lower taking place from the blue box area & allowed our members to create a risk-free position. Near-term, while bounces fail below $1.1110 high the pair is expected to resume the downside. However, a break below $1.0924 low would remain to be seen to confirm the next extension lower & avoid double correction higher.
