Euro / U.S. Dollar
Short
Updated

EUR/USD might surprise a lot of people next week.

I am counting from a bearish perspective since everyone is bull, as we know the ABC correction i have plotted can be a 1,2,3 of an impulse. We know wave 3 in an impulse travels 1.618% of waves A vs. C, and 1.232% A vs. C would be acceptable for a corrective move. So if i see weakness this coming week at the 1.232% level I may short this with this setup.
Note
Typo, " We know wave 3 in an impulse travels 1.618% of wave 1 vs. 3"

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