Forex Trading Technical Analysis

Hello Traders I'm going to be analyzing the EURUSD

The US dollar came in number one today so we're gonna do a quick recap from the daily down to the one-hour time frame we had a little bit of a dozy day but not a whole lot of action today I still think that this is going to make another move up and it could end up being a question to this move down or it really could end up being the end of a wave C and if that's the case it'll just keep on trending up making higher highs and higher lows

Taking it down to the four-hour time frame four-hour time frame is where you can see the nice big impulsive move up with the break of structure that should prove this whole down trend is over most likely first move up is an A or one then we have the three ways down most likely it way b or possibly a wave two that means that this next move up should be either wave C which will look like that or possibly it just keeps on trending up for a wave three

Let's keep going down to the one-hour time frame in which

hour time frame is where you can start to see the structure of this wave A then you can see a very clear three ways up for way B and then impulse it down again for wave C we got a 78 Fibonacci to bounce off this nice out-trend over here then it looks like we should just keep on trending up for the continuation of either a wave C or a Wave 3 just like when I was sewing on the flower type frame

Happy Trading Good Luck