After a lot of struggling to identify EURUSD bottom, the market has clearly indicated the direction of the trend.
The Zigzag pattern from the weekend analysis actually completed the corrective structure in wave (ii).
Since then, the price has made a five-wave up which I counted as an expanding leading diagonal, but it might as well be a "1-2, (i-ii), i-ii" wave pattern.
What's most important is that we should see a pullback to the near support to get in at a value price, and also the wave (ii) low remains the current invalidation level for any buy position.
What's your thought about EURUSD?
Thanks for reading!
Veejahbee.
The Zigzag pattern from the weekend analysis actually completed the corrective structure in wave (ii).
Since then, the price has made a five-wave up which I counted as an expanding leading diagonal, but it might as well be a "1-2, (i-ii), i-ii" wave pattern.
What's most important is that we should see a pullback to the near support to get in at a value price, and also the wave (ii) low remains the current invalidation level for any buy position.
What's your thought about EURUSD?
Thanks for reading!
Veejahbee.
