FX:EURUSD Euro Fx/U.S. Dollar
Hey traders! Hope everyone has been taking advantage of these trending markets over the past couple of weeks! I've been busy with some side trading projects and am back with an updated wave count on the EURO . We are witnessing sideways corrective structure in what could potentially be a fourth wave symmetrical triangle. The 1H trend is down but we also have heavy long-term support below price that could keep the pair bouncing sideways for a couple of weeks before a strong breakout into wave-5. I want to start looking for short positions in the heavy where the 200SMA is confluent with potential triangle barrier, TWO unhit and the center of a descending . Stay tuned for some updates as we see the tide roll. Happy trading!