DanV
Short

EURUSD - SHORT TERM BEARISH

FX:EURUSD   Euro Fx/U.S. Dollar
1709 10 3
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
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only point C now is to High :)
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DanV MOD StockFxMarket
Not sure, it might be, but I think being a round number has a good chance for hitting it in spike.
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great call,...you were right :D
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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.
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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.
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good job..perfect analysis
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Looks interesting, but keep in mind that a rejection from here might start a new impulse in the trend direction.
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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
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TF15 not good for this movement
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DanV MOD Leonardo.Ciaccio
I know, 15 min is too small but the current minor view is difficult to show on larger time frame. For that check my earlier chart
EURUSD - SHORT TERM BEARISH
. Thank you anyway for your comment. Appreciate it.
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