Euro Followed Our plans perfectly and we saw decent pullback to the upside like we mentioned and Why we think bullish ? Only because we observe the ending diagonal at 5ith subwaves so we exactly got the idea that Bullish retracement is coming and wave (III) is completed almost in 5 decent subwaves which ideally should end at 1.0480 but it ends at 1.0540 approximately 50 pips early.
Well well Now at this time we are in wave (IV) and Our invalidations lies at 1.1080 which is actual border line.
As far as 1.1080 safe we are BEARISH and we will be limited to upside and will think and believe that this is Corrective rally and should end below 1.1080 number which is its Invalidation limit.
We should for now place our wave (IV) near 1.100 in the shape of Wave a-b-c and then we will again see next down moves.
We expect short term consolidations on Euro for next few days until 16 december in the shape of Triangle or diagonal.
We expect 1.0740 or 1.0700 will protect the downside and we should move once again to make new top near 1.100 which will place wave (c) as well as the Wave (IV)
If EURO cross 1.1080 then we will change our mind from Bearish to bullish but for now Long term we are bearish.
Trading recommendations :
We are in short term as bullish , for long term as bearish. So we should stay neutral in this pair for now and Look other pairs to trade. While in chart we mentioned the upcoming moves which you can use. We are not confident to give recommendations this time as Sl , TP and entry, Patience,
Well well Now at this time we are in wave (IV) and Our invalidations lies at 1.1080 which is actual border line.
As far as 1.1080 safe we are BEARISH and we will be limited to upside and will think and believe that this is Corrective rally and should end below 1.1080 number which is its Invalidation limit.
We should for now place our wave (IV) near 1.100 in the shape of Wave a-b-c and then we will again see next down moves.
We expect short term consolidations on Euro for next few days until 16 december in the shape of Triangle or diagonal.
We expect 1.0740 or 1.0700 will protect the downside and we should move once again to make new top near 1.100 which will place wave (c) as well as the Wave (IV)
If EURO cross 1.1080 then we will change our mind from Bearish to bullish but for now Long term we are bearish.
Trading recommendations :
We are in short term as bullish , for long term as bearish. So we should stay neutral in this pair for now and Look other pairs to trade. While in chart we mentioned the upcoming moves which you can use. We are not confident to give recommendations this time as Sl , TP and entry, Patience,
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