EURUSD is preparing for another downward move.
The HTF structure has not changed since the last analyses and is developing exactly in line with our analysis.
At the LTF, the structure becomes more interesting, as the waves support the HTF trend. We are currently in an expansion of Wave 3 (blue), and the sub-waves of this Wave 3 correspond to our orange count. There, we can see that we recently experienced a Wave 4 correction that formed in an wxy pattern, and the price has already reacted strongly to the 61.80% Fibonacci level.
We now expect the market to transition into a downward Wave 5. As soon as we have more confirmation that Wave 4 has ended, we will take a short position.
The HTF structure has not changed since the last analyses and is developing exactly in line with our analysis.
At the LTF, the structure becomes more interesting, as the waves support the HTF trend. We are currently in an expansion of Wave 3 (blue), and the sub-waves of this Wave 3 correspond to our orange count. There, we can see that we recently experienced a Wave 4 correction that formed in an wxy pattern, and the price has already reacted strongly to the 61.80% Fibonacci level.
We now expect the market to transition into a downward Wave 5. As soon as we have more confirmation that Wave 4 has ended, we will take a short position.
WaveMaster- predicting markets with precision ✅
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WaveMaster- predicting markets with precision ✅
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.