EURUSD: Short Term Vision
Well, the pair did not going rise upper that 1.14 how I expected. Wave (v) have ended at 1.13906 by extended diagonal. My order closed by SL at 1.127 today.
This ending of wave give a point for start an opposite movement of trend. In current wave count show, that this opposite movement is just a correction wave ((iv)).
In common retracement for fourth waves is:
a. 38.2% at Fibo (at 1.1169)
b. wave fourth previous dimension (at 1.1065)
Also, I think that the button line of parallel channel will break.
This correction may spend couple days. After that I will wait a rise again for wave ((v)) with price at least at 1.148-1.15 and upper.
ps. I have remarked labels of waves in accordance wave degree nomenclature.
This ending of wave give a point for start an opposite movement of trend. In current wave count show, that this opposite movement is just a correction wave ((iv)).
In common retracement for fourth waves is:
a. 38.2% at Fibo (at 1.1169)
b. wave fourth previous dimension (at 1.1065)
Also, I think that the button line of parallel channel will break.
This correction may spend couple days. After that I will wait a rise again for wave ((v)) with price at least at 1.148-1.15 and upper.
ps. I have remarked labels of waves in accordance wave degree nomenclature.
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