My picks: limit order to short EURUSD at 1.4025, stop at 1.4180, target below 1.3748
Expertise: Technical
Average Time Frame of Trades:
I exited the EURUSD short yesterday at 1.3840 (as per DailyFX Stream). I'd like to return to the trade as the series of lower highs and lows since 1.4340 may be a series of 1st and 2nd waves. Under this scenario, the next decline will be a third of a third. It is also possible that the current decline is wave 4 of a diagonal from 1.2454 (alternate). I am placing an order to short at 1.4025.
