FX:EURUSD   Euro / U.S. Dollar
364 0 14
For context please see link below since this is only 1 of the 2 scenario's I see as relevant and as highly probable.

Key to understand is that I favor a triangle correction on the daily that so far shows 3 waves o lesser degree for wave A, B and C. This suggest that we are looking at a 3-3-3-3-3 triangle structure. Add to that the fact that the 4 hour time frame might show us a triangle of lesser degree (if confirmed) and a triangle almost always occurs prior to the final move of the structure which suggest NOT to expect a bearish trend towards long term lows.

So what's the plan? We saw a bearish impulse on lower time frames on Friday and if this results in a consolidation we can sell wave C of wave A lower towards 1.08 area. If however we see a bullish reversal followed by a consolidation we can buy EURUSD             towards 1.145.

updates will follow


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Comment: Projection of my ideal scenario for EURUSD and what I'm looking for in terms of potential trades. Both structure of larger and lesser degree.
Comment: So far so good guys, let's see whether we see the bearisch continuation as well.
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