As you can see in the related ideas, I was expected the eurusd above 1.12. Now here it is.
There was a big swing during the coronavirus and now a three waves correction has been working. The price climbing higher in wave C which is getting matured. The upper line of the rising corrective channel should represent a resistance zone around 1.1250 - 1.13.
The rising trendline from wave (e) of ((b)) shows the wave C flow. If it will be broken down then the top wave C would have been found its place.
My long positions are partly closed and waiting for the rest closing(eliminated risk). I won't open further long and wait for the reversal signs for preparing to open short.
There was a big swing during the coronavirus and now a three waves correction has been working. The price climbing higher in wave C which is getting matured. The upper line of the rising corrective channel should represent a resistance zone around 1.1250 - 1.13.
The rising trendline from wave (e) of ((b)) shows the wave C flow. If it will be broken down then the top wave C would have been found its place.
My long positions are partly closed and waiting for the rest closing(eliminated risk). I won't open further long and wait for the reversal signs for preparing to open short.
