I will wait for one more move down for best R:R( 1:8 !! ) , buy when it touches lower line.
I posted a long setup. ALthough it doesnt give me a trade setup yet because we also got a completed reversal pattern. Both long and short scenario's are possible so that's why I wait for the chart to be more clear.
This is my view of de USDOLLAR, for now I believe it's still strong curreny, watch the upper line as it can break to the upside which will cause the EURUSD to break down to 1 to 1. Means that my holiday to the US will get expensive :(
still looks like a correction for me, so still looking downside for now.
I see this structure as a running flat. One more move up is most likely. R; R Almost 5.
will short it downwards before the buy limit
i'll be looking for reversal patterns and if they take place i will post.
short as below. POSSIBLE one more move up, in that case, sell the upper trendline.