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Wave-Trader
Mar 21, 2017 4:31 PM

EURUSD Watch price action  Short

Euro Fx/U.S. DollarFXCM

Description

Hi, fellows. Watch price action under trend line in case break up look for short under longer term trend line.

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Here is the DXY,

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So price did not close about the triangle and forming bearish impulse. Now watch for trend continuation pattern for another sell here is the example.

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DXY

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EURUSD Update.

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Comments
Zink
where is the top of that upper trend line?
Wave-Trader
@Zink, you can set your own one mate line just tell me the pattern formation
hussain9
Excellent
hao.deng.m
Nice, same view on DXY
Wave-Trader
@hao.deng.m, exactly mate
sinakhan98
Just one question :-)
Why towards parity?? I would say EURUSD is more to 1.13 - 1.14 than down to 1.00
sinakhan98
@sinakhan98, But agree that looks like we have one more leg down to 1.06 first.
Wave-Trader
@sinakhan98, even beyond that
sinakhan98
@Wave-Trader, Hi mate... does the pattern still work for parity ? was thinking of a short here close to 1.0950 but a weekly close above 1.10 then it looks very dark for those levels you are mentioning!
any idea ??
Wave-Trader
@sinakhan98, because pattern is showing to parity
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