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short: green area = profit

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soon: short!

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weekly: the price should touch the SMA 200 @ 3667, so this year's low of 2019 should not be undercut for xxx decades anymore. *** so far it could be next year - first quarter!?!

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blue or orange path ... orange: daily close above 0.9112 blue: stays under 0.9112 until the end of september

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potential A B C structure in the Big-Big Pic

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Variant 2

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it would be possible... only if we do not see break and close (daily) under 0.6565

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weekly: bearish butterfly H4: bearish bat

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what will we see? 30000 or 20062 to 18075?!? (I would favor falling prices) a very interesting situation.

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if I'm right in november (or early december) we could see the year's low and after that i could well imagine the blue c could go up the same distance as the blue a. (see Big Pic)

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how deep will the wave 5 expand, we see when the 5 of the 5 is formed.

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the question is: was that low from last week the wave 3 or 5? we will see...

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i post this scenario as an alternative to my last chart and at the same time i say that i would favor such a development break and close above 1.15676 opens the possibility for higher prices... direction B

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in addition to the last post (see Aug 4)iI have two other variants: variant 1 new deep in september as A and another low first quarter 2019 as C = finished wave 2 variant 2 new deep in september as wave 2 and then only upwards i post both charts

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in september i expect a new low on a monthly basis, then long. (same for EURUSD, NZDUSD and Gold)

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down trend for the pair EUR/USD continues

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weekly: bearish butterfly daily: bullish gartley which pattern is more dominant?

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S H O R T