DanV
Short

EURUSD - POTENTIAL SHORT TRADES

FX:EURUSD   Euro Fx/U.S. Dollar
whilst waiting for the planned long entry published in the last chart (link below), there appears to be possible short trade available as price has bounce in corrective manner hence another leg lower from current price level is possible.

Hence, decent short trade could be considered as per the details on the chart.

Trade 1 is if we get spike higher above 1.14
Trade 2. is if we get weakness in price right way from current level.

I am anticipating that EURUSD             could end the week lower. Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.

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Thank you for taking the time to read my analysis.

DanV
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DanV MOD
a year ago
UPDATE: the earlier trade stopped out as scratched trade. But one that developed after FOMC event entered at 1.1420 just managed to survive by a whisker and is now locked with profit at 1.1371. The downside target still in focus. Here is the updated chart
snapshot
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mkdeep04 DanV
a year ago
hi Danv..this abc tgt 1900+ is w4 ? of longer trend down ?
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mkdeep04 mkdeep04
a year ago
also i see +divg in 1h n 4h ..
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mkdeep04 mkdeep04
a year ago
snapshot

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mkdeep04 mkdeep04
a year ago
snapshot

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mkdeep04 mkdeep04
a year ago
sorry for double posting.. pls delet it
this is what ment to post
EU  bear view  HS
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DanV MOD mkdeep04
a year ago
No worries. You could be right. Although I have seen this H&S pattern used frequently in the way you have indicted, I understand that it is a reversal pattern hence it needs a prior trend to reverse. In this instance H&S actually makes up the entire price action. So what is it reversing? I would be reluctant to call this H&S pattern even though it might work out.

We will see how this resolves. Thanks for your question and sharing your chart.
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DanV MOD mkdeep04
a year ago
I am not sure if it is wave 4 in the manner most have been suggesting.

So we could have 2 possibilities.
1. We are in new uptrend and which could lead to much higher price in due course. This could progress as Larger WXY or ABC to the upside, ie double zigzag. My preferred count. If this develops then it could fit my assumed counts of DXY as published back in March. See charts below
2. If we are still in downtrend longer term as many are suggesting then the March low is possibly wave A and the retrace with recent high as Wave B and we could be in another impulsive decline wave C that could lead to parity or lower. However there are 2 issues with this as I see it. (a) if this is wave C of ABC to downside with Wave A low in March, then how does this fit into the larger cycle counts? (b) It does not look to be a 5 wave decline from August 24th, high. So how can this be impulsive wave C decline or even indeed wave 5 decline.

But I understand that I might have missed something and could be wrong about my assumptions. Hope this helps.
DXY - POSSIBLY AT REVERSAL ZONE
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mkdeep04 DanV
a year ago
thks... u r a gem
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DanV MOD mkdeep04
a year ago
YW
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mkdeep04 mkdeep04
a year ago
usdollar correction for w4 ?
my short term view on usdollar
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DanV MOD mkdeep04
a year ago
Hmmm.... Not sure if I follow this. Why do you have (i) - (v) impulse as wave X as part of wave 4 retracement?
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mkdeep04 mkdeep04
a year ago
wxy lable was wrong.. .. abc also i seeing wolf pattern
snapshot
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DanV MOD mkdeep04
a year ago
WXY could be correct. But can't understand why you have wave x as 5 wave cycle. I don't really have experience of Wolf Wave so it is hard to comment on that. Will be interesting whichever way it goes.
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DanV MOD
a year ago
UPDATE: New chart publish with another potential short trade in the making
EURUSD - ANOTHER SHORT TRADE IN THE MAKING
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