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jojofang0901

EURUSD Sell Setup

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Euro / USA-dollar (OANDA:EURUSD)  
jojofang0901 Uppdaterad   
OANDA:EURUSD   Euro / USA-dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi traders:

EURUSD is now forming an expanding structure that can lead into the next bearish impulse phase.

We see price has already broken out of the HTF correction, and has strong LTF impulse breakout.

The latest price action shows an expanding type of correction, and within in a LTF ascending channel, correcting the price up.

I would be patient here and wait for a strong LTF impulse breakout, follow by continuation c correction before entering a sell.

Thank you
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