Following an earlier post re EURUSD impulse wave development - this can be an E wave in a following corrective setup.
The earlier supposed triangle that a lot of traders were anticipating as a 4th wave in a big downtrend, ended with a rather short diagonal.
Let's see.
Anyway, there will be a trade to the downside as price breaks out of the current impulse channel - whether it will be a correction or a reversal. I will be trading the third wave or a wave C after the first wave down and a correction
Good luck and have a nice trading week!
The earlier supposed triangle that a lot of traders were anticipating as a 4th wave in a big downtrend, ended with a rather short diagonal.
Let's see.
Anyway, there will be a trade to the downside as price breaks out of the current impulse channel - whether it will be a correction or a reversal. I will be trading the third wave or a wave C after the first wave down and a correction
Good luck and have a nice trading week!