EURUSD - The last punch

Updated

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!

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

crikz

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