Ichimoku MTF Analysis
Pair: EURUSD
Weekly : Bearish - Continuation
Daily: Bearish - Continuation
H4 : Bearish - Corrective wave
Outlook: On Weekly and Daily TF, EURUSD continue its bearish. If ABC pattern is valid, then corrective wave maybe the next move. On H4, pair still move within down trend channel. Down trend may continue to test 161.8% of fibo extension.
Trading Plan: Looking for reversal from H4 corrective wave and take short as long as still within down trend channel and below Kumo at H4 TF.
Pair: EURUSD
Weekly : Bearish - Continuation
Daily: Bearish - Continuation
H4 : Bearish - Corrective wave
Outlook: On Weekly and Daily TF, EURUSD continue its bearish. If ABC pattern is valid, then corrective wave maybe the next move. On H4, pair still move within down trend channel. Down trend may continue to test 161.8% of fibo extension.
Trading Plan: Looking for reversal from H4 corrective wave and take short as long as still within down trend channel and below Kumo at H4 TF.