EURUSD Elliott Wave | Target 1.0875 | Jeremy Wagner
Hi, EURUSD has hit our previously cited upside target...now the the minimum waves are in place on this recent up trend for EURUSD. Therefore, it is at risk for a reversal to the downside.
Wait for the previous 4th wave to break before entering short. First target is near 1.0875. Second target is near 1.0635. There is a larger final target near 1.02.
I'd give this about 50/50 chance of reaching the first target. That may not sound like a lot, but if all trades that were 1:3 risk to reward ratio had 50% win ratio, then we'd all make money. Run the math and think about that.
Wait for the previous 4th wave to break before entering short. First target is near 1.0875. Second target is near 1.0635. There is a larger final target near 1.02.
I'd give this about 50/50 chance of reaching the first target. That may not sound like a lot, but if all trades that were 1:3 risk to reward ratio had 50% win ratio, then we'd all make money. Run the math and think about that.
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