EURUSD has just completed a correction of W.2 of W.5. Now we are expecting stronger Dollar next week, means all the currencies against US Dollar will be weaker, and if our count is correct, the move will be sharp down south, creating potential Shortening situation for EURO.
I have closed all my long positions last Friday expecting completion of correction. I m preparing SHORT order on the Dollar for next week.
I have closed all my long positions last Friday expecting completion of correction. I m preparing SHORT order on the Dollar for next week.
Our alternate count is that current move is completion of W.1 and now W.2 is about to start. In this case we will SHORT EURO, but we have to keep an eye on our exit point.
