After some attempts to trade bullish scenario on EURUSD but not getting the expected big impulse in wave 3, here is my alternate bearish count suggesting that wave 2 correction might not be completed yet.
We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded flat to complete we must see a five-wave decline in wave (c) which seems to be in the making.
I will be looking to short as long as the price is trading below the invalidation level on the chart.
What's your view on EURUSD?
We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded flat to complete we must see a five-wave decline in wave (c) which seems to be in the making.
I will be looking to short as long as the price is trading below the invalidation level on the chart.
What's your view on EURUSD?
