DanV
Short

EURUSD - SHORT TERM BEARISH

FX:EURUSD   Euro Fx/U.S. Dollar
1708 11 2
Following on from my earlier chart on short term bearish view, we have topped in rising wedge and have broken down from that. Now it seems we have dropped in falling wedge or possibly leading diagonal, which is being retraced in (a, b, c, zizgzag) at present. On completion we could have low risk shorting opportunity around 1.3080 -1.31 area. Slightly further out overall decline target is around 1.2950 - 1.2920. But you can have initial target of 1.30 area
Razvan
3 years ago
Looks interesting, but keep in mind that a rejection from here might start a new impulse in the trend direction.
Reply
DanV MOD Razvan
3 years ago
Hi thank you for viewing my chart and posting your observation. You could be right. However from the low of 1.2660, I seem to make 5 waves move up ending in rising wedge ie Ending Diagonal. So now I am expecting some retracement of the move. The could take place in possible A, B, C zigzag down and current minor move on smaller time frame is just a start I think. Check my earlier chart with view on larger time frame.
EURUSD - SHORT TERM BEARISH
Reply
StockFxMarket
3 years ago
good job..perfect analysis
Reply
StockFxMarket
3 years ago
only point C now is to High :)
Reply
DanV MOD StockFxMarket
3 years ago
Not sure, it might be, but I think being a round number has a good chance for hitting it in spike.
Reply
Razvan DanV
3 years ago
great call,...you were right :D
Reply
DanV MOD Razvan
3 years ago
Thanks. Main thing now is that if my counts are correct, we should have reletively good retracement down to 1,29 or 1.2850 area. so still possible to enter short on sensible retracement.
Reply
DanV MOD Razvan
3 years ago
Thanks. Main thing now is that if my counts are correct, we should have reletively good retracement down to 1,29 or 1.2850 area. so still possible to enter short on sensible retracement.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out