docholliday

EURUSD daily structure - watching corrective up move

שורט
FX:EURUSD   יורו / דולר אמריקאי
12
We currently have a 3 wave move up on the daily uptrend - looking to try for 5 wave structure. 3 likely possibilities. I am assuming a break of the daily high (purple horizontal line above) to complete a 5 wave in which case "blue" or "yellow" would be scenarios to watch for - i am biased to yellow and looking to short if my set up bears out. The third option is that my assumed wave 5 does not happen and this attempt fails to break the previous high and the down move goes - in which case I will hopefully pick that up on the lower time frame analysis - or - the short will go without me..

Happy trading guys! Give me a like if you find any value in analysis or this makes you look at structure or think in a new way!
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.