Hi guys a quick update for my 'short-call' (see related ideas below). We might see a minor continuation lower for EURUSD but the 1hr time frame shows 1 unique wave (leading fractal of this bearish move). On the 15min tf we see several inner waves of lesser degree and I therefore see limited downside potential for the short term (that will be a 15min tf trade). Medium term I like to see that unique wave on 1hr time frame to be corrected so we can sell the likely continuation lower of that unique wave.
Yorum:
The Response to that unique bearish wave was stronger than I anticipated. This does not change my overal vieuw but shows the importance of following the minimum requirements for calling something an impulse and/or correction. I personally did not have a sell set-up based on my trade plan and will cover this pair in my weekly outlook and update it on TV next week. Have a good weekend all!
