IvanLabrie
Short

Short term long, getting ready for an even better short entry

FX:EURUSD   Euro Fx/U.S. Dollar
eur
822 6 8
eur
Following the completion of an ending diagonal pattern, we see a five way decline, currently reaching the end of wave 5.
In the chart I show two possible scenarios regarding the extension or not of said impulse.

Scenario 1 is the one I favor, which would agree with the rule of alternation between waves 2 and 4, but scenario 2 is also possible.

Either way, we're looking at a steady Euro             decline from here till the end of the year.
Trade closed: target reached
IvanLabrie PRO IvanLabrie
Potential correction spotted.
snapshot

En route to scenario 1's target zone.
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