EURUSD
W1 - Can be considered as the completion of the correction and the potential beginning of a 3-wave structure.
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the levels 1.04530
H4 - The price has left the consolidation zone, for further movement it is better to wait for a correctional wave and consider selling on the 3rd wave on D1
What can you expect?
You can consider entering from levels ~1.08764 - 1.09352 with a target of 1.04530. After the corrective movement on H4. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave.
Cancellation if the price breaks the maximum of the 2nd wave - 1.10220.
Short
Target 1.08256 - 1.07172 - 1.06156 - 1.04530
W1 - Can be considered as the completion of the correction and the potential beginning of a 3-wave structure.
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the levels 1.04530
H4 - The price has left the consolidation zone, for further movement it is better to wait for a correctional wave and consider selling on the 3rd wave on D1
What can you expect?
You can consider entering from levels ~1.08764 - 1.09352 with a target of 1.04530. After the corrective movement on H4. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave.
Cancellation if the price breaks the maximum of the 2nd wave - 1.10220.
Short
Target 1.08256 - 1.07172 - 1.06156 - 1.04530