PRO_Indicators

STOXX / H4 : End of bullish waves, retracement should comme soon

FX:EUSTX50   Euro Stoxx 50 Index
Sinewave and Momentum are both having hard time to trigger signals here because of ECB press conference stimulus that has driven sharp and faster price movements. Anyway 3641 is a key level that I had on my charts for weeks.
We're testing it and as it corresponds to the final wave of a potential expanding triangle structure, that would be a shame not trade it and share this idea with you !
I'm now short for a correction (SO THIS IS COUNTER TREND and I'm of course doing this with 0,5 leverage and a large stoploss set at 2% risk > 1% capital loss in case of invalidation. This means a stop loss set a 3715 which is much more that required and should leave me out of troubles !).
Target 1 is set to 38% retracement.
Target 2 at 50%.
I don't see this corrections going further that 50% as we had a very bullish structure on the impulse.
Anyway no matter how bullish we were, this was still a first bullish wave... and at this stage shorting can only be considered to pay for future long positions stops ;)
YES I'LL BUY EURO             EQUITIES AFTER THAT RETRACEMENT ! (just to be clear..)

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators


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