Chartist4312

Expecting one more impulsive intermediate wave down

Short
FX:EURUSD   Euro / Dollar Américain
There is still a large bigger downtrend on this pair's longer timeframes. I am expecting one more impulsive leg down to form a wave 5 in the wave pattern I currently see on this daily chart.

Price is as well currently inside a descending triangle, which increases the chance for a break down today or tomorrow since we are very close to it's apex.

If price would alternatively break up from the descending triangle, I am still short until at least the weekly dotted downward sloping (dark pink) trendline is broken.

The swaps on this pair is currently positive for selling, which favors holding shorts.

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.