By: Fadi Steitie
Trend Expected Direction:N/A
Method: Elliott Waves and Fibonacci Levels
Strategy: High Probability Trading
Description: With extreme drop in Euro/Green Buck that exceeded %100 of regular ABC Zigzag which it called Through under after it broke the falling trend channel @1.30400 on Monday morning and 1.30120 level which cased what called a Through under ended at 1.29550. A bounce is usually expected in these cases confirmed by trend getting inside the falling channel again as shown on chart! I expect this corrective bounce to stay in strength as a minor abc testing the falling upper trend line at 1.3100.
Target Area: 1.31100
Stop Loss: 1.29800