My picks: short EURUSD (20%) at market, against 1.4350, target TBD
Expertise: Technical
Average Time Frame of Trades:
The EURUSD pattern suggests that the pair is about to plunge. 5 waves down from 1.4340 make up wave 1 or A of a 5 or 3 wave bear sequence. The rally from 1.3804 is in 3 waves, which confirms that the larger trend is down. The minimum objective is below 1.3804 although there is much greater bearish potential.
