Hey guys , i see a possible short opportunity short-term on EURUSD. I will be looking to long it if this support holds , otherwise will keep my short for any bearish trend.
Trade closed: target reached
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Short closed , kicking a long now for Y wave with an expectation of abc sequence up to 1.19-1.20 area to complete wave 4
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The move upwards began , fibs show targets of 1.185-1.195 , goodluck!
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Please note this was my alternative count (currently price is retesting triangle trendline) , if thats the right scenario , we may fall for lower prices.
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Almost there
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One more leg remains on my wave count where fibs should be met. Note: this is the last leg of the whole downtrend in my view therefore its possible it to create a wedge shaped ending diagonal and it should show clear divergence on oscillators. Cheers
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Short term update: If price breaks through red lines (both of them) i will have to start counting this move as correction wave 2 which has more to go and will join up on pullback later. Cheers!
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FOMC today , waiting for a sharp drop and continue the bear claw