Razvan
Short

EURUSD Continuing the Bearish Move

FX:EURUSD   Euro Fx/U.S. Dollar
1365 14 9
After it broke the channels, the Euro             dropped to 1.3 where it has consolidated in a symmetrical triangle. This might just mean that it took a break before continuing the currently down trend. The RSI has a correction under 50 level. Next important support is at 1.2687. An up break might just take the price back to retest the broken trend line...still I bet on bears.
Razvan
3 years ago
Thanks guys, what it is your opinion on this idea?
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lgiulian
3 years ago
I think on 2013-02-01 was a reversal for the up trend. For me the main trend is down now. On H4 is quite clear the new move is quite strong. The breakout from the channel and the symmetrical triangle after are enough for me to agree with this analyze.
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lgiulian lgiulian
3 years ago
... not sure for others, but for intraday traders I think there are more sell signals than buy signals on daily chart. Also from fundamental perspective seems to be less risky to go short.
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Razvan lgiulian
3 years ago
Thanks Iulian, you have some very good points of view!
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dedenfd
3 years ago
I do bet on bears too, Razvan, this is my simple chart , and it says down too

https://www.tradingview.com/e/qYzdzKLX/
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Razvan dedenfd
3 years ago
Clean and simple!
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DrFX
3 years ago
yes, bearish, looks to me as if we are holding the larger channel
Beware of the Bears!!! Elliott Waves EURUSD Channel
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Razvan DrFX
3 years ago
Nice Chart!
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Still possible we have a quick throwback before going lower
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Razvan QuantitativeExhaustion
3 years ago
True :)
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There's your throwback
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Razvan QuantitativeExhaustion
3 years ago
Nice call
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LEONES PRO
3 years ago
Not so linear but going there
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