Potential set up for the short in EURUSD.
There is an impulsive decline on 15 min. Till now the rise is in the 3 waves.
If the current rise will not develop into the impulse and start the decline, than odds are for the decline.
ALT - this possible decline is only the leg down in some B wave or second wave in the curren rise.
Still NO RSX turn to the downside, so there is a ground for the waiting the EUR to commit itself first.
There is an impulsive decline on 15 min. Till now the rise is in the 3 waves.
If the current rise will not develop into the impulse and start the decline, than odds are for the decline.
ALT - this possible decline is only the leg down in some B wave or second wave in the curren rise.
Still NO RSX turn to the downside, so there is a ground for the waiting the EUR to commit itself first.
Note
There is an overlap. Add odds to the decline in the third wave or C of B or of 2d wave.Note
Important moment. If the basic scenario is True to the market than there should be acceleration to the downside from the current levels.Meanwhile this downside move can be also wave C in second wave. Only the new low will negate this ALT scenario
Trade closed: stop reached
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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.