As we see a Downside New Wave starts in a bullish Bias seems to be a correction part on bigger time frame. Note there is a Tip between this idea ( When market makes a new structure its called an impulsive move however it was a corrective move on a bigger time frame) so in H4 240 we see a down wave last week From this coming week we expected a correction move upside however those who are in this down move ( move your stops for break even ovoid buy setups as market clearly shows a down push because of dxy is on upside move, in detailed we see fundamental market moves more three candles downside so it seems to be market needs a correction upside for Monday and Tuesday but on Wednesday there is High probability to push more downside moves as predicted in the chart.
Now in the cut of bigger time frame if we see in shorter time frame there is expectation of this correction upward direction of two days market goes back to 1.21500 mark it depends upon the correlation of Euro currency on the other currencies as well. the main target of the trade setup is for putting Entries on the higher edges for shorting EURUSD toward 1.19000.
Now in the cut of bigger time frame if we see in shorter time frame there is expectation of this correction upward direction of two days market goes back to 1.21500 mark it depends upon the correlation of Euro currency on the other currencies as well. the main target of the trade setup is for putting Entries on the higher edges for shorting EURUSD toward 1.19000.