FX:EURUSD   Euro / U.S. Dollar
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It's a bit early to call this 2618 trade and clearly define an entry point, but we have to be one step ahead of the market. The double top is pretty well marked, as well as it's neckline breakdown. So, what we are waiting for is a retracement to the .618 major Fibonacci level to hop back on the down side. I'm not convinced that the current down leg is over, so I'm waiting for a further decline before identifying the exact entry level.
Makes sense...there's still slight downside to be had before a retracement, but it's minimal. We can short again from the retracement as you expect to do.
Good one.
you are right. If you check my related idea, I'm expecting the completion of a bullish bat for the retracement to start! finger crossed! :)
IvanLabrie LorenzoDecaria
Yep, definitely possible. I'd say it's almost confirmed heh.
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