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EUR/USD - Will it Do a Wave 5 Down?

OANDA:EURUSD   Euro / U.S. Dollar
I can see a possible ABC on the daily chart .
Within the C down can we see a complete elliott wave down?
If yes, I'd like to trade the Wave 5 down
I call this The Setup 1.

Entry Level: 1.1905
Stop Loss Level: 1.1975
Target 1 is the bottom of wave 3 around 1.1844
Target 2 is the fib 62% @ 1.1737

negatives: Wave C down might be complete.
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Comments

It appears that the H4 chart had a B trap.
It could still be that the down move that faked-out was a B down...
We might still see a 5 down
Reply
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