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stanchiam
15 May 2018 23:10

EurUsd 16 May 2018 Alış

Euro Fx/U.S. DollarFXCM

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Yesterday move down for eu was fast and unexpected as the retracement was shallow
Initial thought was that the shallow retracement is wave b and was looking for another push higher
However price keep dropping and it never should any mini 5 wave up on the lower time frame to set up a buy

Now that price had dropped to new low, the corrective idea is invalid.
Price now show a 5 wave drop for EU and it is expected to complete the move down for a reversal back up for the shorter time frame
Looking for mini 5 wave up on lower time frame to set up a buy, good luck
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