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.



I would be really cautions before looking for shorts. The market is showing signs of lack of supply at this levels
EURUSD testing supply around 1.1160
+1 Reply
I think that the dollar will strengthen as the most recent data that we met were slightly worse. This means that US economic problems are temporary and will create pressure on the Fed. We know that we are far from increases in interest rates, but the market will strengthen the dollar. Tomorrow evening I will present weekly review.
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Did you make up your mind? :D
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Yahia.Awes Yahia.Awes
was this gap for real? :D
snapshot
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RobertPapon Yahia.Awes
yes
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