hans91 replies to: EURUSD

I have to say that I am surprised for how far this bullish wave reached I was expecting it wont go above 1.1600 area. any way I am still short and my stop is the same 1.1750

at the moment there is 2 Elliott waves scenarios one bearish which says we go down from this area and make new low. the other scenario is bullish and suggest we go above 1.18 but even this bullish scenario is telling me we should go down as a correction perhaps to 1.145x area

for bear to show their power they need a 1h candle close below 1.1630 and DXY should close 4h candle above 95.20

we are very close to monthly close and if you see the monthly candle it has a very long bullish pin which I doubt it will stay in the same shape in these 3 days. so lets see if bears will manage to make it red before the end of this month

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