rounded corner
rounded corner
top border

EUR/USD Elliott Wave Forecast 28th June 2018


Bookmark and Share

EUR/USD Elliott Wave Forecast by ReadyForex.com

EUR/USD Elliott Wave Forecast in 15 Minutes chart

Bullish trend is present in EUR/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Forecast few hours ago, during my daily Forex Live Trading Room, the price of EUR/USD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance. So, all those Forex traders who have followed my Elliott wave forecast have made the right decision as price has moved up and printed a bearish impulse wave i leg. Strong key support level is present at 1.1527 price level.

In my opinion, price action in EUR/USD currency pair is now trying to print a Bearish Zig Zag corrective wave ii Elliott wave pattern. So, based on Elliott wave forecast, price action is going to first move down to prints a bearish leg - wave ii. Bearish wave pull back is going to complete wave ii correction around 1.1540 price area in coming trading hours.

Next, price action is most likely going to prints a bottom and resumes the up trend which will probably take market to rise up towards 1.1655 price area. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current EUR/USD bullish trend as it is always easy to trade in the favour of market trend. Currently, Bearish corrective wave pull back looks half finish. A good idea is to look for a possible buy trading chance to join an up trend around 1.1540 price area.

However; if the price action in EUR/USD Spot Forex pair breaks below 1.1527 important support level then Bullish Elliott wave forecast will become in-valid. From this time forward, I may seize the opportunity to stay out of the market and re-assess the EUR/USD currency pair price movement in fifteen minutes chart. Forex traders who are interested to learn Trading with Elliott Wave are welcome to visit ReadyForex.com



Recent articles from this author



About the author


Mr. Muhammad Azeem's website is https://www.readyforex.com, online since year 2006.

  • He has passed Certified Elliott Wave Analyst Level 1 Exam with 93% score.
    He teaches Trading With Elliott Wave online course in a 1 to 1 online classes format. 
  • He is the developer and teacher of an online Price Patterns Trading video course
    which is available for Forex traders and investors
  • On a daily basis, Mr. Azeem runs his own Forex Live Trading Room which covers
    London and NewYork market sessions. You an join today and find out for yourself
    just how social trading can be!

Trading Style and Methodology
Mr. Azeem is a pure technician and he solely employs technical market analysis in trading. He believes that the news is just the catalyst for technical events. In his opinion, prices are so far ahead of any news story as every conceivable fundamental possibility has already been discounted.

About Losing Trades:
I do lose trades, some times. So, losing trades do occur and it is the cost of doing the business over here. If I am in a losing trade then I usually try to close it as soon as possible and I do not marry my trades. Not to mention that I always trade with stop loss along with money management rules. I try to lose less and win more and that is why I keep making money in Forex trading.

About Winning Trades:
Winning trades do occur and I always wait with patience for a valid price pattern to develop on price charts. I usually do not trade with profit target or take profit. I let my profits run! I use different types of exit strategies (trailing stops) to pull maximum pips out of the market.

Mr. Muhammad Azeem
Certified Elliott Wave Analyst

WEB SITE https://www.ReadyForex.com
EMAIL readyforex@readyforex.com
SKYPE muhammad.azeem777
TWITTER https://twitter.com/readyforex

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2019 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy