If you missed the short opportunity @ the 50% retracement of wave(1) , no need to worry as there is still plenty of opportunity left in this market.
For starters , "The Trend Is Your Friend".
We are currently experiencing LL's & LH's so lets stick with it.
You can enter short @ the break of wave(2)'s Low
Above wave(3)'s high.
This is what i see in GU @ the moment.
A: we could be looking at a ranging market between R2 & R1. (buy the bottom/sell the top)
B: we're looking @ a quad top & could be looking for a sell @ the break of R1 with a target of 50-100 pips.
C: Lease less likely, MACD up, Trend is Up as well (above the cloud) & because the recent pivot low the possibility for a pivot...
If you are into Harmonic patterns, here we have a cluster via patterns (Butterfly&Deep Crab)
POTENTIAL SELLING AREAS ARE AS SHOWN IN THE CHART ABOVE (use in confluence with other "signals")
Do you believe the EURUSD will begin to tumble down as well?
Read text in above chart to see why i think the EURUSD may hit rock bottom.
-no profit targets or stop losses
-this is also not a signal
-if trades are taken based on the above analysis do not risk more than you can afford to lose.