Eur-Usd after the three bullish impulse waves (1-3-5) is within the corrective phase. It is drawing an ABCXABC correction. We are exactly in the last wave C, and more precisely in the subwave II of wave C. In the chart, you can see the three target of subwave II where to open a short position as follow:
1/4 of the position at 1.23737
1/2 of the position at 1.23885
1/4 of the position at 1.24432
Stop in case of a daily close above 1.24432.
1/4 of the position at 1.23737
1/2 of the position at 1.23885
1/4 of the position at 1.24432
Stop in case of a daily close above 1.24432.
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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.
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.