Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Elliott Wave Charting: Eur/Usd Bearish Structure

TheLFB A Forex Trader Portal

Elliott Wave Charting: Eur/Usd

The pair made a significant move down recently, after the 1.3114 lows were taken out. The current bearish leg is very powerful, so this could be a black wave 3 which is headed towards the 1.2800 zone or even lower. In the current circumstances every upward pull-back could be an opportunity to catch the Short trend, which will remain in play so long as the pair trades below 1.3114 region.

TheLFB EurTheLFB Charting: Eur/Usd 4h view

Follow Elliott Wave charts and updates on twitter.

If you would like to be a part of, to receive a full Elliott wave detail for Eur/Usd (daily and 4h charts) and if you want to know what comes next and what to expect from the market, then join us now.

TheLFB Trader Advantage EA For MT4 Click here


Disclosure: no pos.