EURUSD - a more bearish option

2020-01-18 20:15:39

This is an overall bearish alternative in case the upside move in October 2019 is a three wave move, not an impulse.
This may be the case, if the flag in the middle of the move represents wxy combination.
If such an assumption proves to be true, that the whole whipsaw we observe as a complex combo, that will break to the downside on a daily structure.
If it complicates further, we may get a larger WXY as shown on the right side of the chart.

Good luck!