
August 29 2025 we advised EWF members that the EURUSD pair was in a bullish wave count and to only look for BUYS. EURUSD 1 Hour Chart Asia Update August 29 2025 (Bullish Wave Count)
On August 29 2025 I entered the buy position on the EURUSD pair at 1.1662 with a 12 pip stop loss at 1.1650 and was looking for a move higher to the 3R target at 1.1698. Buy Trade Setup 1. Elliott Wave count is bullish and structure is calling for a black wave ((ii)) termination followed by continuation higher. (See chart above) 2. Price taps into a bullish 1 Hour Gray Demand Zone. (See chart below) 3. Stochastic Indicator (Green oval) in the oversold zone. (See chart below) 4. Bullish divergence pattern (Red) formed in the demand zone signalling the pair would reverse higher. (See chart below) 5. All the points above combined together and price closing above the green IFVG was enough for me to squeeze the buy trigger with confidence. EURUSD 15 Minute Chart August 29 2025
EURUSD moves higher and hits 3R target at 1.1698 from 1.1662 and I closed trade for +36 pips (+3% gain risking 1% on every trade) A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG. Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move. Try Elliottwave-Forecast for 14 days !!! Just click here –> 14 day trial
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