EURUSD - Short
Last movement looks like an expanded flat: the move from 1.1833 to 1.167 is made by a sequence of three waves impulse - correction - impulse. Having surpassed the previous low, the best way to look at this three wave sequence is as a B wave of an expanded flat.
So we are at the end of wave C of this flat: trend should rapidly change and bring the cross under the 1.1670 low.
It is still unclear where this expanded flat is in the bigger picture; but it looks likely it is a wave 4.
So short with an ideal stop at 1.1865 (maybe higher if the bigger picture is a B wave and not w4), target below 1.1670.
So we are at the end of wave C of this flat: trend should rapidly change and bring the cross under the 1.1670 low.
It is still unclear where this expanded flat is in the bigger picture; but it looks likely it is a wave 4.
So short with an ideal stop at 1.1865 (maybe higher if the bigger picture is a B wave and not w4), target below 1.1670.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.