Shortening!!! 🔮

EURUSD

There is a definitely continual sell trend on the EURUSD 4H with potential buy snipers, but over all it is in Sell Mode.

This is my opinion & analysis on this pair, and any information disclosed is used to generate an opinion based on my own experience. Still do your due diligence, and analyze for your own eyes on what you think may occur.

From about the 27th of July to about the 22nd of September, it has been in a consistent range. For 3mos, there hasn’t been much activity, but the volatility on this pair is still active. Was still a very active trading period even with the range it has been in for that amount of time. The consolidation broke ice on about the 22nd-23rd of September according to what we see on the FIB (my first time using the FIB. Please give feedback & tell me how I did?), and went down some for the first confirmation. Then it went back up... bouncing off the 1.618 retracement just to miss the 1 slightly by a nose hair, and then back down it went for a 2nd confirmation which formed a sell flag pattern.

So, will it respect the sell trend and keep selling? Or will this break the resistance barrier at the top of the triangle & go back up? Only time will tell. However, the trend is looking extremely bearish to me. I could be wrong though, and it could go back up instead. Only time will tell this story.

What says you?

🔮♾🐉🦅🖤

Comment:

It is looking like it just might tap the retracement line before it goes down.

What do you think? I feel like it is a strong possibility the 1 retracement line @1.18164 will receive a nice little tap dance as the final confirmation of the show down. But, it is also a strong possibility it could continue upward...ignoring the retracement but I don’t feel like it will. Scanning for a SELL ENTRY.

WHAT SAYS YOU?