This is an update for my previous idea
Todays price action was very bullish and completed a five wave decline
which I anticipated: twitter.com/atlivean...s/474048377488175104
The big question is if the decline was a part of a flat
or the first wave of a new bearish price movement.
A impulsive wave structure that breaks above the 1.3992 high
would confirm more upside is on the cards.
A advance of corrective nature that fails below 1.3992
and takes out the 1.3476 low would invalided the flat idea.
Also, a break below 1.3291 would invalided the alt. bullish
count which you will find below in the comments section.
Disclosure: I have been long the Euro against
the CAD and USD since the 25th and 26th of may.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Good luck!
which I anticipated: twitter.com/atlivean...s/474048377488175104
The big question is if the decline was a part of a flat
or the first wave of a new bearish price movement.
A impulsive wave structure that breaks above the 1.3992 high
would confirm more upside is on the cards.
A advance of corrective nature that fails below 1.3992
and takes out the 1.3476 low would invalided the flat idea.
Also, a break below 1.3291 would invalided the alt. bullish
count which you will find below in the comments section.
Disclosure: I have been long the Euro against
the CAD and USD since the 25th and 26th of may.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Good luck!
