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Feb 27, 2020 12:01 AM

EURUSD Wyckoff Trend Analysis  

Euro Fx/U.S. DollarFXCM

Description

Eurusd is in a relief trend set to reach a selling climax near the 1.10 region. Traders should look to get short at the peak of the selling climax or on a secondary retest near the 1.10 level.

Traders have an entry for 1.10 now at the halfway point between points 8 and 9.

This is a test to see how accurate these trend lines will be, a continued update will be posted with reverse trendlines with much more detail.

Comment

Target 1 Achieved.

Short term traders sell a partial at point 9 and rebuy at the halfway point between points 8 and 9. Use Math not looks!

Comment

This means you rebuy 1.08970 to 1.09050

Comment

Occasionally we can slip through the levels
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