EURUSD- Short Term Bullishness Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 11, 2019 1:01 PM

Hi Traders
Price action's playing out as analyzed last week, so here's a quick one.

Our predominant trend on this time-frame is bearish since we have a series of lower-lows and lower-highs

*Price has also hit our daily support zone coloured green

* Candlestick patterns at 11/02/19-12:30 showed a possible trend reversal.

* Price seems to have completed a wave (i) - (iii) on 7/02/19, therefore we are anticipating a wave c of (iv) completion around 1.13519

Comment

⋅ Feb 11, 2019 7:30 PM

Hi Traders,
I guess the counts failed so it was best to stick to the predominant trend and just observe the correction play out