glennmercer
Short

EURUSD Wave Count: More Downside After Triangle Breakout

FX:EURUSD   Euro Fx/U.S. Dollar
Hey traders! Hope everyone has been taking advantage of these trending markets over the past couple of weeks! I've been busy with some side trading projects and am back with an updated wave count on the EURO             . We are witnessing sideways corrective structure in what could potentially be a fourth wave symmetrical triangle. The 1H trend is down but we also have heavy long-term support below price that could keep the pair bouncing sideways for a couple of weeks before a strong bearish breakout into wave-5. I want to start looking for short positions in the heavy resistance zone where the 200SMA is confluent with potential triangle barrier, TWO unhit pivots and the center of a descending parallel channel . Stay tuned for some updates as we see the tide roll. Happy trading!
Nice one...waiting for more setups..
Reply
@HassanGul, More coming, thanks for the support
Reply
Hi Glen...waiting for your analysis long time :))
Reply
@piptamil, Thanks pip!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out