Wave 5 - update
Hi,
I still think EURUSD is in wave 5 of the last wave up. The pair has created a Double Three correction as wave 4 and looks like one last small move on upside is still left to place before the real correction of ABC for this whole move from 1.05 starts. The only problem as I see its how to calculate the length of this move. Usually when wave 3 is more than 1.618% of the wave 1 (which its is in this case) the wave 5 is at least same length of wave 1 i.e 400 pips.
So my guess is somewhere around 1.26 - 1.27 we could expect the correction start.
USE SL and Good Luck :-)
I still think EURUSD is in wave 5 of the last wave up. The pair has created a Double Three correction as wave 4 and looks like one last small move on upside is still left to place before the real correction of ABC for this whole move from 1.05 starts. The only problem as I see its how to calculate the length of this move. Usually when wave 3 is more than 1.618% of the wave 1 (which its is in this case) the wave 5 is at least same length of wave 1 i.e 400 pips.
So my guess is somewhere around 1.26 - 1.27 we could expect the correction start.
USE SL and Good Luck :-)
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