WaveAnalysis

EURUSD Short Trade Setup

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OANDA:EURUSD   欧元/美元
Hello traders.

After the sharp fall, EURUSD is making a correction. I hope it will go up one more time and create better corrective structure, so I can find a better entry. I have put an entry order under the previous bottom. If it falls, I will be in the trade. Target is not clear yet. Down move can be weekly correction or weekly down impulse. It's too early to say.
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评论:
It broke the trendline with an impulsive drop. If you don't have this trade, wait for a small correction before selling it.
评论:
I have changed my short-term forecast. I think the up move is the C wave inside of the corrective structure. So, I'm waiting for a correction to close my trade. My medium-term forecast is still down.
评论:
Move stop loss to the previous top or breakeven. It's in the middle of nowhere. Both directions are very possible. I believe up move is more likely.

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