i post this scenario as an alternative to my last chart and at the same time i say that i would favor such a development
break and close above 1.15676 opens the possibility for higher prices... direction B
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here is my previous chart Aug 12
s3.tradingview.com/s/Ssa0iSNB_mid.png
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EURUSD
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EURUSD - BIG PIC
post Mai 27
EURUSD
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note:
that could be technical counter-reaction, that shapes wave 4 of the 5.
for continued bullish development we need confirmation... break and close on daily basis above 1.1628 (out of the red cloud)
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1.15575 reached
next 1.1605
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also possible
september short
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here the plan B:
----- this scenario comes into question, if the last 3 months of this year, continue the bearish trend.
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now i'm short 1.1646
SL 5 p
TP = red circle
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bearish butterfly
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Trend Analysis

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