FullTimeTrader
Short

EURUSD-update-running flat detected-changing my bias

FX:EURUSD   Euro Fx/U.S. Dollar
2401 31 26
Im always looking at price action for clues for the next move. I pay attention to other traders comments also, that is the power of this community.

This morning the price broke some important levels on 4H chart and I looked for info at negative correlated pair USDCHF            
USDCHF-bouncing on big triangle


Then i closed my long trade i opened yesterday with some profits:
EURUSD-is clearly changing trend - why dont we seet it?


I found that this pair is making a very complex correction called a RUNNING FLAT, a nice and rare 3-3-5 corrective pattern.

Now i see next move will be short, after that we can expect a more complex correction.

Best regards.



Cityfox
2 years ago
I'm long
Reply
Yes, it's coming down...complete impulse C. So, now dollar rally.
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Cityfox IvanLabrie
2 years ago
Are you short?
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IvanLabrie TOP Cityfox
2 years ago
EURUSD: Short the 4th wave C then buy the 5th until NFP


Yes.
Reply
Cityfox IvanLabrie
2 years ago
Thank you for chart, I will still keep my long on, good luck
+1 Reply
IvanLabrie TOP Cityfox
2 years ago
Same to you, good evening.
Reply
FullTimeTrader Cityfox
2 years ago
yes
Reply
FullTimeTrader IvanLabrie
2 years ago
thanks for your comments, it helped me to understand the current price action
+1 Reply
IvanLabrie TOP FullTimeTrader
2 years ago
I'm trying to figure out gbpusd, seems like wave 5 is happening now, before a big short opportunity. Can't chase the long now, I'm late for it.
Reply
FullTimeTrader IvanLabrie
2 years ago
happily im long on GBPUSD, so for now i will wait and see the price action until the NFP news tomorrow
+1 Reply
rv
2 years ago
thats an abc for 4 , no ?
+1 Reply
FullTimeTrader rv
2 years ago
Hello, the correction for 4 can be very complex and we can have combinations also. For now we can see a 3-3-5 formation (abc-abc-12345). After that we must watch closely the price action.
+1 Reply
IvanLabrie TOP FullTimeTrader
2 years ago
For 2 as well...we've had some horrific wave 2's lately.
(See usdcad action from the low today, that ugly sideways chop after the big move up...ugly 2)
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rv IvanLabrie
2 years ago
trendline to watch.
snapshot
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