EURUSD had some strong moves the last days.
The wave count could either be ABC or an impulse. Last impulsive move could be wave 3 or wave c.
We got nice price action at the turning points. For the low of wave 2 we got a perfect fake breakout from the outside/mother bar. It is even clearer on the 4H timeframe:
4H Chart
Pinbar was formed and price began to rally for wave 3.
Now another fake breakout was formed. I expect EURUSD to move to the last major high, which would finish the 5-waved impulse. (golden area)
We should look for some nice price action on 1H/4H chart with would probably come with divergence as usual between wave 3 and 5.
The wave count could either be ABC or an impulse. Last impulsive move could be wave 3 or wave c.
We got nice price action at the turning points. For the low of wave 2 we got a perfect fake breakout from the outside/mother bar. It is even clearer on the 4H timeframe:
4H Chart
Pinbar was formed and price began to rally for wave 3.
Now another fake breakout was formed. I expect EURUSD to move to the last major high, which would finish the 5-waved impulse. (golden area)
We should look for some nice price action on 1H/4H chart with would probably come with divergence as usual between wave 3 and 5.