Interesting situation, personally I will be ignoring the down movement, only looking for a bullish possibilities, but so we have several options:
1. Purple: euro is about to test the mentioned zone (plus or minus that lvl) so giving us signs of reversal and then going up creating a possibility to grow;
2. Green: in this scenario up movement is seen inside of down frame, so we can have just a correction before going down again.
How to distinguish correction and impulse: so I use a visual approach in which impulses are always aggressive and fast, on the other hand, the corrections are normally quite slow and "flat", if interested in some exemples, please contact me in direct, I will send you couple of.
1. Purple: euro is about to test the mentioned zone (plus or minus that lvl) so giving us signs of reversal and then going up creating a possibility to grow;
2. Green: in this scenario up movement is seen inside of down frame, so we can have just a correction before going down again.
How to distinguish correction and impulse: so I use a visual approach in which impulses are always aggressive and fast, on the other hand, the corrections are normally quite slow and "flat", if interested in some exemples, please contact me in direct, I will send you couple of.
Trade closed: target reached:
not the price but the shape, it is time to rethink the setups
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EUR
EmilShakaryan
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