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Lionheart-EWA
Jan 9, 2023 9:53 AM

EURUSD Top - Shorting The Bearish Impulse Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is on the verge of starting a sell-off.
I am expecting in Impulse Wave in Minute C (red).

The greenback (DXY) should be able to commence a Bullish Retracement.
EURUSD under pressure.

My Euro-Dollar Technicals:

* Ending Diagonal in Intermediate (C) (white)
* Complex Double Three Correction
* Hidden Bearish Divergence
* Harmonic Pattern: Bearish Cypher in Minute b (red)
* Double Top Pattern
* 88.6% Fibonacci Retracement
* 161.8% Fibonacci Extension

EURUSD SELL Signal:

* Entry @ 1.06910
* SL @ 1.08700
* TP1 @ 1.0500
* TP2 @ 1.0280
* TP3 @ 1.0140

* Safety Measure: when in the green, moving SL to BE.
* Sell Stops on the way down, after pull-backs.

Many pips ahead!

Richard, the Wave Jedi.

Trade active

Comment

EURUSD bullish volumes decreasing: a new high will trigger the Bearish Divergence.
The upper red line is to act as reversal point.
Oh.. and the Harmonic is actually a Bearish Shark.
127.2 - 161.8% FR of Minute a (red) is the Supply-Demand Zone.

Comments
glomencentrum
Hi. Like what I see, thanks. Much in the chart, but wonder why you dont wait for a short until C is confirmed ?
Lionheart-EWA
@glomencentrum, Hi there, thanks!
Yes, you're right, the entry phase is too quick, only suitable for those who want to catch the tops or close to it.
Not suitable for moderate-conservative types.
For swing traders it's fine, however, for the impulse confirmation, it actually needs to start first, and then get in on pull-backs.
Thanks for the input, very well received.
glomencentrum
@Lionheart-EWA, Agree, thankyou.
Lionheart-EWA
@glomencentrum, Any time.
JoeChampion
Nice!
Lionheart-EWA
@JoeChampion, Thanks again!
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