Hey guys , i see a possible short opportunity short-term on EURUSD.
I will be looking to long it if this support holds , otherwise will keep my short for any bearish trend.
I will be looking to long it if this support holds , otherwise will keep my short for any bearish trend.
Trade closed: target reached
Short closed , kicking a long now for Y wave with an expectation of abc sequence up to 1.19-1.20 area to complete wave 4Note
The move upwards began , fibs show targets of 1.185-1.195 , goodluck!Note
Please note this was my alternative count (currently price is retesting triangle trendline) , if thats the right scenario , we may fall for lower prices.Note
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Almost there
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One more leg remains on my wave count where fibs should be met.
Note: this is the last leg of the whole downtrend in my view therefore its possible it to create a wedge shaped ending diagonal and it should show clear divergence on oscillators.
Cheers
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Short term update:If price breaks through red lines (both of them) i will have to start counting this move as correction wave 2 which has more to go and will join up on pullback later.
Cheers!
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FOMC today , waiting for a sharp drop and continue the bear claw
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.