PRO_Indicators

EURUSD / D1 : Two options with 50-50 odds

FX:EURUSD   Euro / U.S. Dollar
When this is 50-50 I usually have a close look at Sinewave to see if it can shift the balance.
In our case, the last cycle is a bearish cycle.. It will very likely be broken in both scenarios, but the question is "what will happen when we'll have reached the target" ?
Option 1 will extende over it and start a bull trend out this initial bear cycle (it happens but this is rare)
Option 2 will reject the target and force prices to remain in the range wich will inevitably lead to an extended correction likely to be a "double three" that would directly point prices toward a potential 50% retracement of the very bullish wave that brought us here !

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
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