EURUSD Elliott Wave: Fifth Wave Continues after FOMC Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 2, 2018 8:44 PM

Hey traders, I like a short EURUSD after the FOMC. The trend is down and we are still raging in the fifth wave down. Cheers

⋅ May 3, 2018 9:49 AM

Dollar weakened overnight - Eyes are on GBPCAD weakness and the upcoming trade balance report at 8:30a EST

Comments

MHP1368

⋅ May 3, 2018 1:33 PM

is a short by hitting the channel top considerable?

glennmercer

⋅ May 3, 2018 1:39 PM

@MHP1368, Absolutely - I still have short bias, just not in the trade any longer. Good luck!

MHP1368

⋅ May 3, 2018 6:58 PM

@glennmercer, Thanks, Sell limit set at 1.20090. let the pips be on it...

RAMbelhaj

⋅ May 3, 2018 2:10 AM

Hi. Any updates I shorting at 1.1939

glennmercer

⋅ May 3, 2018 9:50 AM

@RAB2018, Yes, SL was hit on my trade (my SL shown on chart @ 1.1815). Cheers