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FX:EURUSD Elliot Waves with Fibo Extensions

Interval: H4

https://www.tradingview.com/i/iztJsPzb

Using some basic principles from Elliott Wave Theory we can determine a possible reversal zone in the 1.3590 – 1.3645 area.

Counting the waves from the 4th of January bottom until now we can observe that the price is on the 5th wave.

A rejection from that zone could bring the value back to 1.3450 and retest the trend line.

FX:EURUSD Elliot Waves with Fibo Extensions by
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