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sciencei
Mar 1, 2018 10:53 AM

Sell The Bounce Short

EURO / U.S. DOLLARICE

Description

Guys, the EUR/USD elliott wave structure now counts as terminal within multiple degrees. Moreover, the drop from the February 2018 top looks impulsive into our minuette wave (i) label. A subsequent 3-wave bounce leads subsequently to another downside impulse.

The EUR/USD embarked probably on a third wave of minuette degree journey Southbound.

Our short term analysis gets invalidated if 1.2356 gets crossed to the upside. Watching this level is important now.

Trade Setup:

Wait for 38.2% Rebound
S/L 1.2356
T 1.175

Trade active

38.2% Rebound just occured @ 1.2233

Trade closed: stop reached

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