DislikedI'm looking for a retrace near the 50%-61.8% levels, where the current possible C could end. Then I'll see whether anything bearish forms. There's always of course chance for an overshoot, but 1.5730ish looks nice.
We've already broken the triangle, so I don't really see anymore buy setup left now
Hope you were in early
Looking for informed EW opinions on the posted chart, just like on USDJPY.Ignored
So there is 2 scenarios I would consider bad for bulls;
Price is heading down from here and break below .5420 area. Second, the almighty support @ .5340 area (daily chart) is taken out. Then I would assume I'm not the only one looking for short positions
I still favor bulls from what my charts reveals atm, but the wind can change fast so my sails is already prepared for a different approach.
Measure twice, cut once