EUR/USD Elliott Wave -3rd Oct

 EUR/USD 4H Wave Analysis 

EUR/USD Elliott wave

4th wave is either simple or complex correction.

If simple Correction then abc correction completed @ 1.16 and new impulse wave starts. Fibonacci retracement 61.8% of Small tiny wave (a) from 1.16 to 1.17600  is near 1.16720. It is a good risk-reward entry.

If complex Correction then ABC pattern will follow and  B & C wave is yet pending.

In both cases, it will touch 1.18

Buy Entry @ 1.16720
SL 1.16
TP 1.1800/1.18500

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