WaveAlchemy
Long

EURUSD MINUTE ALTERNATE 1

FX:EURUSD   Euro / U.S. Dollar
119 0 8
This wave count states that Minute wave 5 finalises an apparent expanding diagonal. If this minute structure has completed, then Minor wave C completes at wave equality of wave A, and lower limit of the minor channel blue, and Intermediate Y completes at 0.786 the length of Intermediate X.

If price extends beyond the orthodox low by 0.33%, less confidence will be placed on this count and we will turn to "EURUSD MINUTE ALTERNATE 1 (FOR INTERMEDIATE Y, NOT X)"

Based on this count, price is now located at the early premature stages of Primary E red.
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