We are waiting for half a wave...

FX:EURUSD   Euro / U.S. Dollar
138 5
We are waiting for half a wave. We suppose, we are in the last ascending phase. If our assupmtion is correct, the current wave rise will be half-wave distance. This level is assumed to be around 1,1879. If the exchange rate decelerates here, we will shorten it. However, if you generate a pulse wave again, we will wait for you to enter.
Comment: The consolidate half-wave reached EURUSD. We are now waiting for a slowdown and we will start shortly in the long run. This strategy would not work if the current candle was followed by additional pulse candles.
Trade active
Comment: The downward impulse we are waiting for. It's only 2 minutes.
Comment: @Dahanx, We are thinking of this movement.
Comment: @Dahanx , Further ascents can only be approached by a weekly wave motion. Therefore not only upward movement is likely to be larger, but also the correction response.
Comment: @Dahanx, You are quite right, it is very similarto the EURGBP exchange rate. Only there is a turning level option. There is no in EURUSD.
Still short now? What would you think, long or short?
@DAHANX, thanks for the comment. According to our strategy this is a last half-wave movement. Place STOP over the spike. If you are pulling upwards in the night in Asia we will throw short strategy. We are looking forward to trading with EURUSD.
DAHANX meszaros
Thank you. So, I will short better. From now on, or do you think it can rise again high?
Any TP mark on shorting you could suggest?
@DAHANX, Your drawing is very good.Similarly see possibilities. If the exchange rate moves upwards , it could be about 1,20996 for that purpose. Then the back correction would be even deeper. As we all look at 1,0850 it can fall back. In the comment I place a drawing on the re-adjustment from 1,20996.
DAHANX meszaros
@meszaros, Same move to expect for EUGBP actually...
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