Although EURUSD long opportunities seems appealing based on wave count on higher timeframes, the H4/daily correction is not over yet. Hence presents a triangle break opportunity to the downside. Since all EUR pairs seems to be in some sort of a corrective structure, major upcoming news could be the manipulation point for a clear direction.
In the meantime, lets ride the short waves back and forth. Be ware, triangles can break to either side. Though as per the structure of this, there is a high probability to break to the downside, at least to the 61.8% confluence zone. But before entry, price has to clearly close below the structure, and I will look to enter only there is a small correction at least in the 15min time frame.
In the meantime, lets ride the short waves back and forth. Be ware, triangles can break to either side. Though as per the structure of this, there is a high probability to break to the downside, at least to the 61.8% confluence zone. But before entry, price has to clearly close below the structure, and I will look to enter only there is a small correction at least in the 15min time frame.
Kommentar:
Price didn't drop down to the fib levels expected. None the less, we got more than half the move expected.
