Tracking the Hourly Correction for Reversal Signs
Yesterdays Trade idea presented a buy in EURUSD against a falling trendline which eventually broke.
The Wave structure on larger TF's (4H & Daily) still points to bullish, and thus looking to buy on this dip.
The structure based on the hourly wave count shows that cycle is quite mature and potentially in it's ending stage.
A conservative view here would be to wait for a break out to confirm trend change and look for long entries against a pull back.
The Wave structure on larger TF's (4H & Daily) still points to bullish, and thus looking to buy on this dip.
The structure based on the hourly wave count shows that cycle is quite mature and potentially in it's ending stage.
A conservative view here would be to wait for a break out to confirm trend change and look for long entries against a pull back.
