EUR/USD - Next decision point: 1.1432!
Hello everyone,
it seems that scenario 2 has made it (please check link below). Now the situation in the chart is not much easier, because there are two possibilities we should think of when trading eur/usd in the next days.
Scenario 1 – blue line, chance 55%
I still believe that we are in wave B (purple in brackets) of a huge correction pattern started at 1.25. We are now most likely in wave c of B. If this scenario will push through, I will give another update to catch the next turnaround. The next indicator for a decision is the level at 1.1432, if eur/usd is going through, we have a very good chance, that this scenario will make it.
Scenario 2 – green line, chance 45%
Maybe wave A (purple in brackets) hasn’t ended yet (at 1.13). If so, we are still in an impulsive 5-wave-structure downwards to complete wave 5 of 5 of A. If eur/usd will not go through 1.1432, this scenario will make it!
I other words: please keep an eye at 1.1432!
Please leave a comment or a message if you like!
Take care,
tgo
it seems that scenario 2 has made it (please check link below). Now the situation in the chart is not much easier, because there are two possibilities we should think of when trading eur/usd in the next days.
Scenario 1 – blue line, chance 55%
I still believe that we are in wave B (purple in brackets) of a huge correction pattern started at 1.25. We are now most likely in wave c of B. If this scenario will push through, I will give another update to catch the next turnaround. The next indicator for a decision is the level at 1.1432, if eur/usd is going through, we have a very good chance, that this scenario will make it.
Scenario 2 – green line, chance 45%
Maybe wave A (purple in brackets) hasn’t ended yet (at 1.13). If so, we are still in an impulsive 5-wave-structure downwards to complete wave 5 of 5 of A. If eur/usd will not go through 1.1432, this scenario will make it!
I other words: please keep an eye at 1.1432!
Please leave a comment or a message if you like!
Take care,
tgo
HK-Capital-Management
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