My long term bias is short here (and long the EURUSD ). This setup can give as a clue about the next movement on EURUSD .
According to Hurst Cycle Analisis today is a BIG day, the USD will start a long term decline that will last hole next month. I dont know for sure.
Lets see, i will not trade this setup because im already trading other USD related pairs.
I will come back to this chart in a month.
But i was confused that sometimes you analyzed by wave count and I have not learnt Elliott. Is the wave theory paramount? Is it required if I want to study your trading mathod?
Thanks again for your suggestion!Regards!