EURUSD Updated Wave Count: And The Drop Continues!

Short

Euro / U.S. Dollar (FX:EURUSD)

Updated

FX:EURUSD Euro / U.S. Dollar

eurusd euro elliottwaves wavecount triangle breakout harmonicpatterns glennmercer gmercerfx

Hey traders! I am still short this pair and eyeing up long term targets. If you're not short already and would like to be, this triangle is a good spot to enter if the optimal risk/reward presents itself. Still looking toward the missed daily pivot below. Great drop on this one, lots of pips! Happy trading!

Comment:

Nice breakout!

Comment:

This is a tricky area! We're in the midst of more corrective structure. A SL can be placed above highs, or a safer SL can be placed above invalidation. Watch for that bearish impulse!

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