EURUSD bearish formations
Strong momentum on 1D 4H and 1H because of touching SR level of 1.3000
Overall trend is down
1D bouncing from Montly SR
Fibo 0/612 is on 1.5000
4H
Very strong and healthy trend
Start of impusle wave 1
EFI shows reversal
1H
Stochastic shows strong uptrend with no reversals
It could be pullback from 14300, but I mnot sure to which level
I will wait till the end of formation on 14900 and open sell.
Overall trend is down
1D bouncing from Montly SR
Fibo 0/612 is on 1.5000
4H
Very strong and healthy trend
Start of impusle wave 1
EFI shows reversal
1H
Stochastic shows strong uptrend with no reversals
It could be pullback from 14300, but I mnot sure to which level
I will wait till the end of formation on 14900 and open sell.
Trade closed: stop reached
-166PIPSRR 3.3
1D correction
4H the price corrected on 0.5 Fibo
1H need to wait for clear formation
Now the clear Elliot ABC correction is ongoing.
I W8 for 1.13600 to finished pullback and re enter in long
Trade active
Going well accoirdingly to waves.If long was opened on 1.13600
I assume to close on 1. 15000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.