A current wave count this pair and DXY show that the market will have a significant decline. The 15th on May EURUSD did a wave (4) at1.1465 and after that have fallen down in wave (5) with first target at 0.94
Current wave count looks like a sequence one-two waves. It is meant that the market will down to wave three (Wave ((iii))) with significant acceleration and break bottom of channel. A first target for wave ((iii)) = 1.618 x wave ((i)) = 1.037.
I think this pair ready for down now or will be soon: RSI divergence and wave count in wave ((ii)) looks ended.
Also, I wait this scenario because this pair must show a next bottom of H4 cycle, which will be near the 03th on June or couple next day.
I ready for open short when pair will break at 1.0925 with SL at 1.10.
Current wave count looks like a sequence one-two waves. It is meant that the market will down to wave three (Wave ((iii))) with significant acceleration and break bottom of channel. A first target for wave ((iii)) = 1.618 x wave ((i)) = 1.037.
I think this pair ready for down now or will be soon: RSI divergence and wave count in wave ((ii)) looks ended.
Also, I wait this scenario because this pair must show a next bottom of H4 cycle, which will be near the 03th on June or couple next day.
I ready for open short when pair will break at 1.0925 with SL at 1.10.
