I wuold like share my long terms idea on EURUSD.
The cross has broke the channel long after top on 1.115
Probably we are on ABC structure and in a short channel (in red)
IF we are in ABC structure probably we will be in wave C final
From my point of view we have completed the first and second wave of C and for the next week we can have the final 3 and 5 wave with first target target 1.06 and second target 1.03 and final value 1.
The cross has broke the channel long after top on 1.115
Probably we are on ABC structure and in a short channel (in red)
IF we are in ABC structure probably we will be in wave C final
From my point of view we have completed the first and second wave of C and for the next week we can have the final 3 and 5 wave with first target target 1.06 and second target 1.03 and final value 1.
Note
Is the supply zone holding out?
potential final 5 with double top or directly down?
Trade active
we are in medium support area and this evening there will be FOMCso put in safe your gain with cover position
Note
Trade closed manually
I hope you have saved your earnings.The scenario has changed
Note
Strategy update.. short goes onNote
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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.