glennmercer
Short

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:
snapshot
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:
http://invst.ly/2gr5g, oh,seems price structure on investing.com is different from here, my chart there seems like this, what is the problem?
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OAKS, you're on the Daily chart on investing, this is the hourly chart
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OAKS PRO 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;)
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Seems to check out, I recreated it for you
snapshot
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OAKS PRO 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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