We are waiting for half a wave. We suppose, we are in the last ascending phase. If our assupmtion is correct, the current wave rise will be half-wave distance. This level is assumed to be around 1,1879. If the exchange rate decelerates here, we will shorten it. However, if you generate a pulse wave again, we will wait for you to enter.
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The consolidate half-wave reached EURUSD. We are now waiting for a slowdown and we will start shortly in the long run. This strategy would not work if the current candle was followed by additional pulse candles.
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The downward impulse we are waiting for. It's only 2 minutes.
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@Dahanx, We are thinking of this movement.
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@Dahanx , Further ascents can only be approached by a weekly wave motion. Therefore not only upward movement is likely to be larger, but also the correction response.
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@Dahanx, You are quite right, it is very similarto the EURGBP exchange rate. Only there is a turning level option. There is no in EURUSD.