EURUSD - Short
Last movement looks like an expanded flat: the move from 1.1833 to 1.167 is made by a sequence of three waves impulse - correction - impulse. Having surpassed the previous low, the best way to look at this three wave sequence is as a B wave of an expanded flat.
So we are at the end of wave C of this flat: trend should rapidly change and bring the cross under the 1.1670 low.
It is still unclear where this expanded flat is in the bigger picture; but it looks likely it is a wave 4.
So short with an ideal stop at 1.1865 (maybe higher if the bigger picture is a B wave and not w4), target below 1.1670.
So we are at the end of wave C of this flat: trend should rapidly change and bring the cross under the 1.1670 low.
It is still unclear where this expanded flat is in the bigger picture; but it looks likely it is a wave 4.
So short with an ideal stop at 1.1865 (maybe higher if the bigger picture is a B wave and not w4), target below 1.1670.
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