EURUSD - Primary Analysis - Sep-05 0110 AM (4 hour)

Looking like 5 waves down on the 4hr chart . If we have finished the 5th wave between here and 1.41 look for a rally then a short down from the 1.42 to 1.4250 zone. Which would be following the 4hr downward trend. We seemingly have also broken the longer term uptrend marked B on the chart.

Alternative entry here is a long from 1.41 but that may be a really risky trade as it is against the trend. Also remember it is a holiday in the US and Canada so market will likely be thin.

Dont forget to check out the Traders Edge Candle Stick Analysis Tools which I released earlier in the weekend .