Hey guys , i was counting this move downwards as fifth but it just looks too small , im bearish today for FOMC event on EURUSD , lets see how it plays out!
Cheers!
Cheers!
Trade closed manually
I'm afraid that's it , guys. This breakout signals a false break-out B wave expanding flat in process , i expect one more leg on the downside (wave c impulse) then a stronger similar move on the upside.
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Im still confused if this last drop was wave five or only the first of five.
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Kicking a short , with sl as posted on the Idea (red line on last update) and a target... who knows where? I'll move sl breakeven once it drops a while , in case its a pullback B wave only , Cheers!
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Looks like downtrend is done for now , a pullback before the major fall
I'll post a new idea once i see uptrend as over , remember its a pullback wave 2 and i dont like to trade them , will keep you updated on the next move downwards again
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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.