Last C wave from 89 to 93 was C wave in ABC correction on bearish trend. Now we are forming wave 1 in new 12345 bearish move. This one might be both a 1 of 5 and 1 of 1. Anyway we will see correction ABC waves from 89-90 as 2 of 5 or 2 of 1. I marked those ABC waves as a default, but corrections never play it simple. I am waiting for wave A and will SELL EUR/USD holding it till 1.197. You must be a brave person to trade correction, but this one is simple.
Trade active
Correction done. We are on our way to 90. EU short from 1.21 to 1.97 was closed on 1.98 manually. And long opened as well. Targets is 1.23 and 1.25 in long term.
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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.