EURUSD Look for continuation sell from here

Hi everyone:

EURUSD is shaping up for a continuation sell opportunities.

We saw the price broke out with a bearish impulse from the top, and drop to the lows of the higher time frame channel structure. However, did not see a continuation correction to push down lower yet.

From all my daily outlooks stream this week, I talked about the potential possibilities on EURUSD this point forward.

Either we may get a larger continuation expanding structure to go down more, or a move up the the top of the higher time frame structure before the drop.

We then see price consolidated, and latest price action shows a quick move up from a potential reversal structure, but failed to continue higher, then sharp bearish push down.

Waiting for a lower time frame correction would be the ideal case to take this short sell.

Thank you

Komentarz: