EURUSD - Tracking Minor Waves - Leading Diagonal Wave 1
So the bounce back left behind a series of 3 waves down, enough to make a leading diagonal.
Leading diagonal retracements are deep.
Looking at a 61.8 or 78% pullback ahead of some news events later today.
If you have counted 5 waves up from the magenta line then the wave 2 correction will be completed.
Price action cannot go above 1.08750, so another opportunity to short this or move stops coming up.
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Leading diagonal retracements are deep.
Looking at a 61.8 or 78% pullback ahead of some news events later today.
If you have counted 5 waves up from the magenta line then the wave 2 correction will be completed.
Price action cannot go above 1.08750, so another opportunity to short this or move stops coming up.
Please LIKE and FOLLOW to get notification of updates and future posts.
Comment:
IF THE MAGENTA LINE IS BROKEN THAT IS A SELL SIGNAL.
Comment:
If magenta line is broken the stop can be just above 1.08179 (tight stop)
Trade active:
I see a complete correction.
