EURUSD Short: More Left In The Tank

FX:EURUSD   Euro / U.S. Dollar
From the count of ones and twos in series, and a lesser number of threes and fours, this wave count suggests another drop is coming. In addition to the EW count, we have a nice bearish bat complete at near the invalidation level, meaning YES! High R/R potential. If the count is invalidated I will update with a correction. SL is placed above the invalidation level.
Trade active: It appears our downtrend has begun! SL placed above recent highs:
Trade closed: stop reached: Looks like we have a deeper correction and more sideways movement. Here's a short opportunity toward the middle of this correction. I'm currently short from cypher level:, oh,seems price structure on is different from here, my chart there seems like this, what is the problem?
OAKS, you're on the Daily chart on investing, this is the hourly chart
OAKS glennmercer
yes,different timeframe, but when i go daily chart here, seems still different on structure from that one, i am not sure if i did something wrong;)
Seems to check out, I recreated it for you
OAKS glennmercer
Thx, yes, that's right, might be my problem, and from your hourly chart, seems we could get a better price to go long..(or say short termly bearish more possible)
+1 Reply
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