EURUSD
D1 - The price has corrected by 60% from the impulse of the 1st wave, which could potentially form the beginning of the 3rd wave and lead to a decline to the levels of 1.05409
H4 - To consider the entry, it is better to wait for the formation of a 3-wave structure and consider the entry, at the moment the price may also continue to rise. After confirmation of the pattern, it will be possible to consider targets for D1.
What can you expect?
Waiting for a 3-wave structure and considering selling; if you are considering entering from these levels, reduce your risk so as not to fall into a continuation of the upward movement.
Short
Target during pattern formation 1.06636 - 1.05409 - 1.04283 - 1.02488
D1 - The price has corrected by 60% from the impulse of the 1st wave, which could potentially form the beginning of the 3rd wave and lead to a decline to the levels of 1.05409
H4 - To consider the entry, it is better to wait for the formation of a 3-wave structure and consider the entry, at the moment the price may also continue to rise. After confirmation of the pattern, it will be possible to consider targets for D1.
What can you expect?
Waiting for a 3-wave structure and considering selling; if you are considering entering from these levels, reduce your risk so as not to fall into a continuation of the upward movement.
Short
Target during pattern formation 1.06636 - 1.05409 - 1.04283 - 1.02488