EURUSD correction idea
As seen in the annotations I made on the chart (also refer to my previous post),
my assumption is that the price is currently in wave 4, where a typical 38.2% correction occurs.
In the previous post, I was uncertain about the wave 4 pattern that had formed.
However, today's movement might provide some insight.
At this moment, it is possible to take a sell position with the invalidation/SL as seen in the chart.
We should then wait for confirmation to take a buy position after wave Z ends (estimated to reach 38.2%).
Any candlestick confirmation, pattern, double bottom, or other reversal signals can be considered
goodluck
my assumption is that the price is currently in wave 4, where a typical 38.2% correction occurs.
In the previous post, I was uncertain about the wave 4 pattern that had formed.
However, today's movement might provide some insight.
At this moment, it is possible to take a sell position with the invalidation/SL as seen in the chart.
We should then wait for confirmation to take a buy position after wave Z ends (estimated to reach 38.2%).
Any candlestick confirmation, pattern, double bottom, or other reversal signals can be considered
goodluck
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