Hi traders,
EURUSD is still in a bigger (black) A-B-C correction down. (I've changed the colours).
I think for next week this pair can go down more.
There are two possibilities: or we get a retracement and another leg up to complete the bigger B-wave (black) into the premium best zone.
Or the B-wave (black) is finished and we get the start of the next impulsive C-wave (black) down. Price broke but failed to close above the previous high indicating the low is weak.
Trade idea: Look for sells on a lower timeframe.
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
EURUSD is still in a bigger (black) A-B-C correction down. (I've changed the colours).
I think for next week this pair can go down more.
There are two possibilities: or we get a retracement and another leg up to complete the bigger B-wave (black) into the premium best zone.
Or the B-wave (black) is finished and we get the start of the next impulsive C-wave (black) down. Price broke but failed to close above the previous high indicating the low is weak.
Trade idea: Look for sells on a lower timeframe.
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!