IvanLabrie
Short

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

FX:EURUSD   Euro Fx/U.S. Dollar
eur
822 6 7
eur
2 years ago
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.
a year ago
Trade closed: target reached
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snapshot
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IvanLabrie PRO IvanLabrie
2 years ago
Potential correction spotted.
snapshot

En route to scenario 1's target zone.
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IvanLabrie PRO IvanLabrie
2 years ago
Nope, scenario 1's not viable.
snapshot
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IvanLabrie PRO IvanLabrie
2 years ago
Target hit, prepare to long or wait for the completion of wave 4 to short.
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IvanLabrie PRO IvanLabrie
2 years ago
Wave 4 ongoing, 4h shows a zigzag forming.
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