Price is currently respecting the channel nicely.
Usually when price does that, it is in a nice corrective structure.
We are thus projecting a simple 3-wave structure to complete around 1.1482, giving us a decent shorting opportunity for the EURUSD
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Usually when price does that, it is in a nice corrective structure.
We are thus projecting a simple 3-wave structure to complete around 1.1482, giving us a decent shorting opportunity for the EURUSD
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.