Hello Traders
This is the EURUSD Time Wave analysis update.
On a yearly chart basis, EURUSD is locked in a yearly correction pattern. The shape is a regular pattern, and a rising wave may reappear to complete.
Coming back to the daily chart, EURUSD came down with a weekly correction trend line of a downtrend, but it rebounded and came before a breakout.
If the last weekly correction trend line is broken, it will be regarded as a rising impulse, and the low will be the starting point of the new mothly correction line.
When a correction appears after the rise, we recommend entering a buy.
This is because it draws a daily or weekly correction trend line, and an upward wave may continue for several weeks.
good luck.
This is the EURUSD Time Wave analysis update.
On a yearly chart basis, EURUSD is locked in a yearly correction pattern. The shape is a regular pattern, and a rising wave may reappear to complete.
Coming back to the daily chart, EURUSD came down with a weekly correction trend line of a downtrend, but it rebounded and came before a breakout.
If the last weekly correction trend line is broken, it will be regarded as a rising impulse, and the low will be the starting point of the new mothly correction line.
When a correction appears after the rise, we recommend entering a buy.
This is because it draws a daily or weekly correction trend line, and an upward wave may continue for several weeks.
good luck.