What if the EURUSD in 2022 completed the final leg of a bearish downtrend and has since entered into the early section of an uptrend?
If that was the case (And it charts up nicely, all the waves are there with their characteristics in place) - we'd be early in an explosive rally setting up in EIURUSD which would spike out the range formed over multiple years (The range EURUSD has traded in most of my FX trading life). What would be starting, would be a sick rally. Accumulating long EURUSD with tight stops.
We can also support this analysis with other USD swing trades, such as GBPUSD.
If that was the case (And it charts up nicely, all the waves are there with their characteristics in place) - we'd be early in an explosive rally setting up in EIURUSD which would spike out the range formed over multiple years (The range EURUSD has traded in most of my FX trading life). What would be starting, would be a sick rally. Accumulating long EURUSD with tight stops.
We can also support this analysis with other USD swing trades, such as GBPUSD.
