Hi. traders,
EURUSD is still in a bigger A-B-C correction down.
I think we're now in the bigger wave B (red). S onnet week we could see a leg down and up again for the smaller A-B-C pattern of the B-wave (red).
Or we're now in wave 5 (blue) and it's gooien lower to sweep all the liquidity. In that case last week we've made wave 4 (blue) and we have to adjust the wavecount.
Trade idea: Look for sells to the previous lows and after that for buys into the HTF supply zone or premium zone (50% of A-leg) when the orderflow changes to bullish .
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
EURUSD is still in a bigger A-B-C correction down.
I think we're now in the bigger wave B (red). S onnet week we could see a leg down and up again for the smaller A-B-C pattern of the B-wave (red).
Or we're now in wave 5 (blue) and it's gooien lower to sweep all the liquidity. In that case last week we've made wave 4 (blue) and we have to adjust the wavecount.
Trade idea: Look for sells to the previous lows and after that for buys into the HTF supply zone or premium zone (50% of A-leg) when the orderflow changes to bullish .
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!