Bearish signal if channel will be broken to the downside
Expanding flat. Targets below 480. Confirmation below 1800
Working 18 bar bearish signal. ADX confirm new trend starting. DX- higher than DX+ - trend down
Correction to uptrend seems simple zigzag where we reach 61.8% fibo level from A wave - very common level for C wave target in zigzag corrections.
Will get few pips profit in 5th wave after horizontal triangle in 4 wave. Check it out
Euro now in a big second wave - correction, where euro already did wave A and now price in wave B. Next week we can expect wave B will end around 1.367 and price likely will rise in 1.375-1.379 area where big second wave must end.
As you see on chart Dollar Index DXY not confirmed new euro high in friday. Good place to short EUR/USD
Retest trendline from downside - if trendline confirms - short with targets somewhere in 1.25
Ausie broke channel and retest from upside. Enetered long on retest
Cable sitting on trendline, if broke - more downside expecting. Divergence still in play
Expecting more downside coming weeks ahead