Short term long, getting ready for an even better short entry
Updated
Following the completion of an ending diagonal pattern, we see a five way decline, currently reaching the end of wave 5.
In the chart I show two possible scenarios regarding the extension or not of said impulse.
Scenario 1 is the one I favor, which would agree with the rule of alternation between waves 2 and 4, but scenario 2 is also possible.
Either way, we're looking at a steady Euro decline from here till the end of the year.
In the chart I show two possible scenarios regarding the extension or not of said impulse.
Scenario 1 is the one I favor, which would agree with the rule of alternation between waves 2 and 4, but scenario 2 is also possible.
Either way, we're looking at a steady Euro decline from here till the end of the year.
Trade closed: target reached
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