Downwards scenario is still very valid!! only if price extends C and closes above the gray line then EURUSD will obtain a bullish bias!. It is decision time for the euro! I myself have a bearish bias due to the strong downwards impulse wave from 1.40, a bearish bias means a logical follow up of that downwards impulse! IF the euro rises then it will definitely break previous highs!
We are almost there guys... As soon as that dashed blue line is hit, I will short...look at today's waves these definitely look like impulse waves to me!!! No choppiness at all, clear bars!! I really think this idea might pay off!. Wishing you all good luck!
Yeap, but it is not a rule at all, specially in intraday charts, the only rule that it have to complete is that wave 3 is not the smallest wave of the impulsives, 1 and 5 can be more biggers, well not at the same time, but you can have this configuration: wave1: 100ticks wave3: 30ticks wave5: 25ticks and it still being an impulsive wave.