Excellent example to understand the difference impulse and correction...
at the current level,Eurusd was 8 months ago and has been declining slowly since then, the impulse took 2 weeks to win back this decline...
the down trend has been broken up so now we have to watch out for some price action to get a pull back at the broken weekly trend before we can look for a long buy opportunity
at the current level,Eurusd was 8 months ago and has been declining slowly since then, the impulse took 2 weeks to win back this decline...
the down trend has been broken up so now we have to watch out for some price action to get a pull back at the broken weekly trend before we can look for a long buy opportunity