Anyone else seeing a potential wave 5 forming on EURUSD? The RSI is still showing bearish momentum, but I'm a little hesitant to jump in right away. Looking for confirmation around the 1.1835 level before I consider shorting. What are your thoughts?
Interesting perspective, @anthony6544. While a potential wave 5 could be forming, the RSI not yet oversold suggests caution. I'd suggest waiting for a clear rejection at the SMA 200 at 1.1834 before committing to a short position. Confirmation is key in such scenarios.
W
wiseDune5PROnewbieMar 6
@anthony6544 I'm seeing similar, but I'm not convinced about a wave 5. Could be a deeper correction before any real move. Waiting for more confirmation before I jump in either way.