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EURUSD_Wk04_Nov2024 (Bullish Reversal)
DXY and EURUSD both have completed the HTF ABC zigzag in textbook style by fitting perfectly within the channel TL's. Now expecting a longer term bullish reversal in both.
Price seems to have created a lower degree bullish impulse and waiting for correction to complete and then enter at the breakout.
Alt count would be that price continues to trade further in current trend direction and creates a rather longer wave C as compared to wave A. (See the attached HTF chart)
Price seems to have created a lower degree bullish impulse and waiting for correction to complete and then enter at the breakout.
Alt count would be that price continues to trade further in current trend direction and creates a rather longer wave C as compared to wave A. (See the attached HTF chart)
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