Present deep 0.764 retracement of previous range so far, has not discounted the bullish view with this alternate count. In fact, this 3 waves down move looks corrective enough to be retraced eventually.
Comments
AnandYRaja
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I like the look of your chart.
I was looking at this for an alternative
I have labelled current price action as an ending diagonal. I am looking at waves 1-4 of the ending diagonal done and wave a of 5 so one more low then up. This is the 4hr view
TradingEW
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That's good charts and very probable with EURUSD presently dropping further.
While the following alternate count is also valid still, looking at a complex (4) alternate with simple (2), similar to GBPUSD last 12 months.
But great to have many alternate counts like yours for final decision.
bltan6
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Hi there, how far down c before climbing up ?
TradingEW
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Sorry, missed your question earlier.
Depth of wave [ii] could go down as deep as 99% of & is still valid. ATM looks like it's reversing from 0.7019, with a bit of luck.
Good place to go long with SL under low at 0.7019.
I was looking at this for an alternative
I have labelled current price action as an ending diagonal. I am looking at waves 1-4 of the ending diagonal done and wave a of 5 so one more low then up. This is the 4hr view