For my previous post and context see below:
I'm still short the EURUSD for a deeper retrace. However we see a consolidation that is close to a possible end. This is shown by means of the channel of smaller degree. A bullish break does not automatically mean it will be the start of a new impulse higher yet. I still prefer a deeper correction of the previous swing but I trade what I see.
If we see the bullish break a buy trade will present itself. However only an impulse higher and consolidation of smaller degree will indicate that this correction is over.
www.timstuyts.com
facebook/timstuyts/
I'm still short the EURUSD for a deeper retrace. However we see a consolidation that is close to a possible end. This is shown by means of the channel of smaller degree. A bullish break does not automatically mean it will be the start of a new impulse higher yet. I still prefer a deeper correction of the previous swing but I trade what I see.
If we see the bullish break a buy trade will present itself. However only an impulse higher and consolidation of smaller degree will indicate that this correction is over.
www.timstuyts.com
facebook/timstuyts/
Trade closed: target reached:
long term view will be updated for next trading opportunity.
long term view will be updated for next trading opportunity.
