EURUSD

Taking a step back and looking at the weekly MMA wave on the 15minute chart shows quite dramatically, why the flip flop of ongoing counts, has been forthcoming. Note the trend down on the left and then the collapse of trend in the middle. That 'non-trend' is obviously corrective, occurring as it has where price met the 8hr and daily bollys back in the weekend review and therefore in my view burning up time in 'B' before the next leg down, to possibly the annual pivot at 1.3471, also the 61.8% retracement of the 1.3294-1.3892 wave up (not shown on this chart). Interestingly, this is also where the 8hr bolly lower band now sits after this corrective action. I am flat at the moment, but looking to lose shorts near yesterday's low and apply them again above the high before the 'C' leg down, if a lower high presents itself. If it just goes up, I'll keep the current shorts (my long cover) and apply new ones when the time is right.