Hi traders,
EURUSD is still in a bigger (black) correction down.
The pattern has changed a little bit.
For me the B-wave turned out to be a rare expanding triangle (X). And there was a comment of a follower last week who said wave 1 and 4 were overlapping in wave 3 (red) which was right. So I've adjusted the wavecount.
I think the Y-wave has now started. There was a Change in Orderflow to bearish so for next week this pair can go down more.
Trade idea: Wait for a correction up on a lower timeframe and trade sells after a Change in Orderflow to bearish again.
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
EURUSD is still in a bigger (black) correction down.
The pattern has changed a little bit.
For me the B-wave turned out to be a rare expanding triangle (X). And there was a comment of a follower last week who said wave 1 and 4 were overlapping in wave 3 (red) which was right. So I've adjusted the wavecount.
I think the Y-wave has now started. There was a Change in Orderflow to bearish so for next week this pair can go down more.
Trade idea: Wait for a correction up on a lower timeframe and trade sells after a Change in Orderflow to bearish again.
Let's see what the price action does next week and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!