DanielKjoelstad
Short

Expecting a corrective wave C to take place soon

FX:EURUSD   Euro / U.S. Dollar
52 5 5
We are now near the upper bearish trendline defining point (B) in the proposed corrective wave count. I would look for shorts now, and I am expecting a breakdown in the nearest days. I would place my SLs             around 1.13400 above the latest swing top.
snapshot


Waiting for the C leg to start moving downwards. Should be quite some resistance at bearish trendline above and not break above around 1.13. If C leg starts moving we might have a zig-zag correction (5-3-5).
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MindTrader DanielKjoelstad
Yaa Nice Chart lets wait and watch what happen next thanks.
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Thanks for your input. your right leg (target 2) is about where I have my target as well, aprox 1.10. I've updated my idea now as well:)
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MindTrader DanielKjoelstad
Thanks Brother .
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