EURUSD sell setup Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 13, 2015 10:48 AM

The EURUSD is in a corrective structure.
Wait for the breakout and a lower degree consolidation to confirm the sell.

Trade with care.

Comment

⋅ Oct 17, 2015 4:45 PM

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Elliott Wave

Comments

Geert2000

⋅ Oct 13, 2015 10:53 AM

Why not 1.145 first.

TradingTie

⋅ Oct 13, 2015 10:53 AM

Cause many people waiting 1.1450

PooyaSalehipour

⋅ Oct 13, 2015 10:58 AM

I am waiting. Please take attention anil says if break this line then sell.

anilmangal

⋅ Oct 13, 2015 11:07 AM

Thanks for the help but i guess everyone has his own strategy on how to trade breakout .

IvanLabrie

⋅ Oct 13, 2015 11:02 AM

It might surprise the elliotticians.

anilmangal

⋅ Oct 13, 2015 11:05 AM

LOL @ Ivan

IvanLabrie

⋅ Oct 13, 2015 11:07 AM

;) Corrective structures do this...I believe we're in a large expanding triangle. Headed up.

TradingTie

⋅ Oct 13, 2015 11:08 AM

Of course can, i using Ellliot waves too, but over 6 factors technically and 4 fundamental showing me downtrend to 1.1050 in next 2 weeks

IvanLabrie

⋅ Oct 13, 2015 11:09 AM

What are the bullish dollar fundamentals here?

anilmangal

⋅ Oct 13, 2015 11:15 AM

I am never worried as to "why" since no one knows why! I remember we bought silver on the bounce of the trend line before NFP then after NFP it went up quite a lot, I saw one trader explaining the up move fundamentally and boy I was ROFL.