The 30 minute EUR/USD is heading lower in a downtrend as the Wave shows the current mark down cycle. The set up is a swing short off 34ema low and channel down resistance.
Zooming into the same chart (below) the trend line is in between the 34ema low and 34ema close. Prices has already been rejected from the Wave low once and the set to watch as the Asian open approaches is another bounce to the 34ema low as long as prices remain in a downtrend on this time frame.
By the way, the MT4 chart above are running the Autochartist plug-in. I have it set to show the most recent two emerging patterns and the last completed pattern and Forecast Region.
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