EURUSD Bearish Elliot Wave Count and Trade Idea
After some attempts to trade bullish scenario on EURUSD but not getting the expected big impulse in wave 3, here is my alternate bearish count suggesting that wave 2 correction might not be completed yet.
We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded flat to complete we must see a five-wave decline in wave (c) which seems to be in the making.
I will be looking to short as long as the price is trading below the invalidation level on the chart.
What's your view on EURUSD?
We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded flat to complete we must see a five-wave decline in wave (c) which seems to be in the making.
I will be looking to short as long as the price is trading below the invalidation level on the chart.
What's your view on EURUSD?
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