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Yoo_Cool
Jun 24, 2019 10:52 AM

Possible corrective decline in EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

According to my basic scenario there could be corrective decline ahead. Being only the ii of (iii) of ((iii)) that decline can be a good set up for long. RSX is down.
Alternative scenario - all rise is finished and EURUSD is on the way to the parity.

Comment

Could be 1-2 sequence down OR just three waves. Needs more market subdivision to clear that out.

Trade closed: target reached

That is do or die moment. There is a possible impulsive rise. So in case there is a decline in three waves then it could be considered as a confirmation of a turn.
The wave ii is to be over in this case.
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