EUR/USD pull back before the big short!
Technicals:
* Previously we have a double zigzag on our hands that gave us the fantastic sell opportunity last week.
* Now we can clearly count 5 waves down and it broke the channel line structure for a retracement.
* I have a feeling since were all expecting EUR/USD to be bearish for the long run. This is a primary wave 1 and 2 we are seeing and the next impulse down will be a 3!
* I will wait for this to pullback and prepare to sell this for hopefully a primary wave 3.
* Previously we have a double zigzag on our hands that gave us the fantastic sell opportunity last week.
* Now we can clearly count 5 waves down and it broke the channel line structure for a retracement.
* I have a feeling since were all expecting EUR/USD to be bearish for the long run. This is a primary wave 1 and 2 we are seeing and the next impulse down will be a 3!
* I will wait for this to pullback and prepare to sell this for hopefully a primary wave 3.
Penafian
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