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TheAnonymousBanker
Aug 22, 2018 10:52 AM

[EURUSD] SELL WAVE (III)? Short

Euro Fx/U.S. DollarFXCM

Description

From a technical point of view, it is possible to try to sell wave (iii) with TARGET on wave (iv). This swing should look like a triangle or an ABC pattern, later it will be possible to buy wave (iv) (BEST CHOICE).

SHORT SETUP: High Risk
LONG SETUP: Standard Risk

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support around 1.1577....

Trade closed: target reached

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...it could be the shape of one of these two solutions:






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Comments
sasasnajder.sb
Thank you so much :)
AhmedOsama2020
Thank you very much! do you think it will drop more to break the low at 1.127?
TheAnonymousBanker
@AhmedOsama2020, ??? ... I don't think....
epalazzo
Thank you!
MarxBabu
good chart
Akmal_Jayin_Gunasekara
Great analysis. Thank you so much
TheAnonymousBanker
@Akmal_Jayin_Gunasekara, you're welcome!
BlurShines
Solid analysis!
TheAnonymousBanker
@BlurShines, thank you!
LauJinwen
You have a resistance between (2) and (3). You skipped one level. Looks like your (iii) is my (iv). The retracement should be a ABC
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