Short

EUR/USD: Targeting 1.16500

Updated

Hi guys,

Based on three timeframes divergence (h4, H1 and M30) I am shorting the pair.

My target will be 1.16500 which is a fib level.

Do not hesitate to like/comment my ideas if you appreciate them!

Best,

Jesse

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5 MINUTE

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30 MINUTE

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1 HOUR

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I agree that EURUSD could go higher but volumes suggest that a pullback is imminent.

Of course trading is not an exact science and I could be wrong :-)

Trade with care

Jesse

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As said before it looks like we are going towards this pattern

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For those who would like to enter wait for a pullback

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If you entered at my price you can already book partial profits, a pullback could occur anytime now

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I don't know at what price to enter at the pullback.... otherwise I would be a billionaire.

The price rebounded at fib level

if we Fib the top and the bottom of this trend we got the levels highlighted in orange. These would be good levels to short, the higher the better !

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A good way to know if it's a good level: the level will be tested many times ! so no rush guys.

We need to see multiple tests on M15 and a rejection.

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Ideally not below 50% or even 61.8%. But the market will decide.

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Added to my shorts

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Rejected at the right shoulder that’s why I added some shorts

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H1 did not close above the right shoulder, pattern still valid

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currently testing the neckline

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A cute H&S in the H&S....

Trade closed manually

Cannot follow the trade for the next couple of hours (will be traveling).

1.16500 is my maximum target but I feel comfortable closing it at these levels .

Cheers

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If you are in the trade I think 1.16500 can be hit very soon

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ok guys, the pair rallied because of this:

"Reuters reports Italian PM Conte saying has no plans to exit euro"

BUT there is still a big divergence check below

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So yes, this up move is really market manipulation. I think the pattern IMO is not over and we should revisit the target soon

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I am still a seller.

Best,
Jesse

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Given what's happening currently in Europe (Spain, Italy, etc.) I believe sellers are back.

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This is what happened a couple of days ago

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You got my view ;)

Trade with care guys.

Have a good evening/day/night

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This is EURCAD for those asking in PM.

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Hi guys,

This is what I have predicted during the asian session. As expected it went to test the top and now it's rejecting it.

There is also a nice divergence. It should go down today.

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H1 shows also a divergence

Indeed if it goes down again it will certainly break 1.16500. but this will be my final target

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M15 shows a very nice divergence as well

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40 pips in less than 1 minute if that’s not called manipulation :-)

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I am still bearish

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It’a worse than NFP everyday now with this F* pair lol

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It’s*

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I hope it’s a bull trap

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Currently trading at 50% from last swing high

Let's see if it goes back down from here

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Would be fun to see this go down as fast as it went up, what d o you think ? lol

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UpTrend is definitely strong no matter what

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