EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price still consolidating
2022-09-21 • Updated
The price is still consolidating. It seems like wave [iv] is taking the form of a zigzag, so we could have a bearish impulse in wave (c) of [iv] soon. If a pullback from 7/8 MM Level happens, there'll be an opportunity to have another bullish impulse in wave [v] of 3.
There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to have wave iii of (c) soon. In this case, we should keep an eye on -1/8 MM Level as an intraday target.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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