EURUSD Outlook (4~8 Feb 2019)

Ichimoku MTF Analysis

Pair: EURUSD
Weekly : Bearish (Corrective Wave-Flag)
Daily: Side-way
H4: Bullish (Corrective Wave)

Outlook: In weekly TF, a flag corrective wave can be seen. Bearish trend may continue once corrective wave finish.
In H4 TF corrective wave is in action after the impulsive move. However EurUsd already touched the down trend line (black) then making correction. An impulsive wave may occur as long as pair is not below kumo.

Trading Plan: Wait for completion of corrective wave in H4, perhaps ABC or ABCDE. Then enter long.