michaelarias
Long

EURUSD - Looks Like We Have A Reversal - Back To The Highs.

FX:EURUSD   Euro / U.S. Dollar
Looks like we have a reversal which is in line with my wave count. (Please see my related idea video from last weekend if you haven't)

Look for a 5 Wave move back up to the 1.25557 area.

According to this wave structure this move will not exceed this high but will serve as resistance and a good place to put a stop for when we short this thing.

Do no short this until 5 waves is fully complete I will post more updates as this progresses.
Trade closed manually: Closing this trade off because the wave structure indicates Wave 4 price action still unfolding and should head lower for wave 5 before a reversal.
U dont think its just a pull back?
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@rere04, In my opinion no because the internal wave structure looks entirely corrective.
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