5m 26s: Lenght

Using Elliott Wave Theory, DailyFX Head Trading Instructor Jeremy Wagner illustrates a wave pattern on the EURUSD that suggests a multi-week to multi-month low is in place. In this video, Jeremy illustrates two potential entry points and stopping point for the opportunity. The 5-3 Elliott Wave pattern is one of the preferred patterns for entering a trade as it presents a positive risk to reward opportunity.