anilmangal

EURO corrective structure

Short
FX:EURUSD   Euro / U.S. Dollar
Corrective Structures can be very complex. The EURO has already made a 3 wave correction which could be one wave of a higher degree in a more complex structure. Possible divergence (not complete as yet) on the 60 mins chart, so I would move any sell stops to a lower 60 min top. If this down move is the next down impulse then my stop would be OK ,if the correction becomes more complex I would be taken out and i'll be looking to BUY the C wave up after an impulse and a correction of lower degree. For now i'm short.

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