EURUSD corrective structure
מעודכן
I uploaded a new video with my weekly outlook to YouTube.
Although I anticipated another leg lower first, it seems like the corrective structure of lesser degree is already in place. Once that is over I will focus on the next sell opportunity because it looks like EURUSD is in a corrective structure of larger degree as well and in need of at least a move below 1.2150
I will update this post regurlarly, for context check out my YouTube channel (Tim Stuyts)
Although I anticipated another leg lower first, it seems like the corrective structure of lesser degree is already in place. Once that is over I will focus on the next sell opportunity because it looks like EURUSD is in a corrective structure of larger degree as well and in need of at least a move below 1.2150
I will update this post regurlarly, for context check out my YouTube channel (Tim Stuyts)
הערה
guy's we see a potential consolidation for break and continuation lower. Keep in mind that price can take out 1.242 first, that would just mean a more significant consolidation before the break and more ideal set-up.הערה
For those not yet in the short, this is not the time to look for sells (although I'm keeping mine for now). I like to see a correction of the current move lower. That will confirm that next target will be a break below 1.216ish and longer term a test of 1.1450.Remember my call months ago about this 1.145 level, we adjusted for an extension higher medium term but that is irrelevant for the bigger picture and only provides a better sell now.
הערה
New weekly outlook uploaded to my YouTube page 04-02 - 04-06; 'Tim Stuyts'Happy Easter!
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