Hey Traders! We have been in a sideways correction on EURUSD for over a week now. The wave count suggests that were looking for a bullish rally into impulsive wave-((C)). This will be a five count wave and should be swift and powerful. If this is the case, then the smaller impulses leading to this wave were a series of ones and twos and could unleash a series of threes toward target. If invalidation level is hit, this is not the case and we will need to recount.
Order cancelled
Big bearish move invalidated this trade since no rally/pullback opportunities were given. I'm looking for a few opportunities coming up. Check out the updated wave count:
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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.