EURUSD Short: More Left In The Tank

By glennmercer
Updated
From the count of ones and twos in series, and a lesser number of threes and fours, this wave count suggests another drop is coming. In addition to the EW count, we have a nice bearish bat complete at near the invalidation level, meaning YES! High R/R potential. If the count is invalidated I will update with a correction. SL is placed above the invalidation level.
Trade active
It appears our downtrend has begun! SL placed above recent highs:
snapshot
Trade closed: stop reached
Looks like we have a deeper correction and more sideways movement. Here's a short opportunity toward the middle of this correction. I'm currently short from cypher level:
EURUSD Short: EW Count Update - Cypher Complete!
BatBearish BatconfluenceEURUSDEWewcountsglennmercergmercerfx
glennmercer

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