for me no break of structure down means no short position.... share your thought on eurusd below....
Assuming te wave 3 is over, te correction will be around 38% and not more than 50%
yesterday the d1 candle broke the resist, i think te price will go up to the resist of the channel
Until the end of last month, my bias is bearish on EURUSD but as we can see on the chart, the price seems failed to break the support. so I think we sould change our bias to long position. but we need a good entry to avoid losses because it can be long sideways hope you have fun :)
Its forming hammer candlestick (d1), and i think the 1st impulse wave of wave c is forming It is either 50% retracement or 61% retracement Demand area is on 61% retracement so ill place tge target to 50% retracement but i will start to think about buy action at 61% retracement And because its predicted as wave C, i warn the people who take buy position, wave C...
its the alternative wave count from the previous post but still bearish forecast, to 50% correction
it will complete the correction to 50% retracement
RSI < 70 and the price reach the resistent. Strong Sell