Long

EURUSD

Updated

My view

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If it breaks , but continue to consolidate,expect more down; Given readings on other US pairs it is unlikely,but not impossible...

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I do not think that the structure is complete so I would advise to buy only after a flag

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Would wait for a confirmation for one more down (at least) ; note that this is a short-term sell, the up move is still https://active...https://www.tradingview.com/x/VM8JqGPH/

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Is this the reversal? Probably... I would wait for break of the bigger corrective structure, wait for confirmation and add some longs; I expected the reversal to be born from a sell off in the stock market, but it broke to the upside ( yet it can reverse,too )

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More likely a flag for more down

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If it breaks to the upside, then the break will be a correction for further downside

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I am currently looking for a buy, as we have a possible flag forming; be aware that this is more like a correction move for more downside

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We did not get that flag, but we get that down move; I am expecting a move up to break the top

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Either structure, it would be a nice setup

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Bottom broken, hence invalid structure. This move should not have affected you negatively,since we did not have a flag for a buy; this is important why you should trade on something you can trade, not on you anticipation

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This is why you shouldn't sell right now - it can reverse very quickly, In fact this move down could set the stage for a nice reversal up ( this is what I am looking for in the original view )

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Broke the structure to the downside, I will wait for a 1 hour flag before any sells

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Sorry, the last snap is old already

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Short term sell setup

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We might see a structural change for upside ( either bigger correction or fast move)

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Wait for breakout and a pullback

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Can still make one more down

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Wait for flag for sells ; it can be a deep correction for upside

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If it craws slowly after the flag, more upside is possible

ivn96

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