2017 Week #1 - EURUSD to Break Below Parity?
Uppdaterad
Price has be in a corrective structure since March 2015.
Going into 2017, price has broken down the structure, and seems to be in an impulsive move to the downside. Potentially targeting 0.9500 - 0.9605 area.
4-hour might have completed a simple ABC correction at 1.0615 (an internal 2nd wave within a larger 3rd wave).
Trade plan: look for short opportunities targeting 0.9805.
Going into 2017, price has broken down the structure, and seems to be in an impulsive move to the downside. Potentially targeting 0.9500 - 0.9605 area.
4-hour might have completed a simple ABC correction at 1.0615 (an internal 2nd wave within a larger 3rd wave).
Trade plan: look for short opportunities targeting 0.9805.
Kommentera
Price has since moved accordingly. If you have shorted, continue holding on to your position.Kommentera
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