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EURUSD

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My view

Ghi chú

If it breaks , but continue to consolidate,expect more down; Given readings on other US pairs it is unlikely,but not impossible...

Ghi chú

I do not think that the structure is complete so I would advise to buy only after a flag

Ghi chú

Would wait for a confirmation for one more down (at least) ; note that this is a short-term sell, the up move is still https://active...https://www.tradingview.com/x/VM8JqGPH/

Ghi chú

Is this the reversal? Probably... I would wait for break of the bigger corrective structure, wait for confirmation and add some longs; I expected the reversal to be born from a sell off in the stock market, but it broke to the upside ( yet it can reverse,too )

Ghi chú

More likely a flag for more down

Ghi chú

If it breaks to the upside, then the break will be a correction for further downside

Ghi chú

I am currently looking for a buy, as we have a possible flag forming; be aware that this is more like a correction move for more downside

Ghi chú

We did not get that flag, but we get that down move; I am expecting a move up to break the top

Ghi chú

Either structure, it would be a nice setup

Ghi chú

Bottom broken, hence invalid structure. This move should not have affected you negatively,since we did not have a flag for a buy; this is important why you should trade on something you can trade, not on you anticipation

Ghi chú

This is why you shouldn't sell right now - it can reverse very quickly, In fact this move down could set the stage for a nice reversal up ( this is what I am looking for in the original view )

Ghi chú

Broke the structure to the downside, I will wait for a 1 hour flag before any sells

Ghi chú

Sorry, the last snap is old already

Ghi chú

Short term sell setup

Ghi chú

We might see a structural change for upside ( either bigger correction or fast move)

Ghi chú

Wait for breakout and a pullback

Ghi chú

Can still make one more down

Ghi chú

Wait for flag for sells ; it can be a deep correction for upside

Ghi chú

If it craws slowly after the flag, more upside is possible

ivn96

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