Europe and Italy will never solve the problem ,and the trade war will never support the economic ,so i think EURUSD not gonna getting higher
Look at the red ABCD ,wait for the top selling ,and the area at (1.16083-1.15678) ,so if u build a short position ,the SL will set at X(1.16270)
EurUsd is setting up for a possible ab=cd highlighted in Red on the chart
We have a possible channel trend coming to an end
EurUsd is clearly making it's way back down
will the cd move ever happen?
It's too premature for that...
But a smart trade would be to short eurusd now for about 40 pips
take down to the first green line tp is about 113.80
My plan for BTCUSD is: short any rally from here onward. If price goes up, add to short, price rallies, add to short.
Target is the 0.786 retracement level at ~4300. This level is also the D target of AB = CD in which AB is the move from 10k to 5k7.
The setup will be disqualified if and only if price moves above 6800.
I have a ultimate target at 2600 which is ...
* The impulse wave of the Elliot wave has completed.
* The correction pattern AB = CD is about to complete, as the period A, B, and C have already completed.
* Buying will only be expected around the 78% Zone