I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a counter trend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction.
If this correction rolls over more than expected there's a 2nd...
* I tried to post another chart with this showing the advanced pattern, but think I messed up doing so. I'll keep trying but here's the daily view that was suppose to compliment my other chart** SORRY GUYS
I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the...
New MF Protective pivot is created (1.7060). As long as this pivot is not broken - trend up will proceed.
If price will break through the protective pivot = trend up of wave level h4-d1 (thats started from 1.6680) - will stop at least. To turn this trend around, a FZR of appropriate wave level is needed.
Eur/Usd pair has now entered to the Mid-Term Flat.
And it is facing a "Moment of True" at the moment.
UP - "New FZR" - and prolongation of Long-Term Trend
Down - FZR - and start a new Long Term Trend down.
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