More downside for EU

Hi traders,

Last week EU made another bigger pullback, swept the liquidity and after a change in orderflow to bearish, it made a correction up. It looks like price is now making an ending diagonal wave 5.

So next week we could see this pair go lower again to finish wave 5 (black).

Let's see what the market does and react.

Trade idea: Wait for a small correction up, a change in orderflow to bearish on a lower timeframe and trade shorts.

If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals.

Don't be emotional, just trade!

Eduwave