Short

analyse

By Manu76

Updated

check the chart

Note

the higher it goes the stronger the resistance will be, the bigger the fall.

Note

Note

will depend how deep it will fall now before the next rise

Note

small correction down like shown with the dotted line (green) can "mayeb but not sure" push higher before the fall. Or price will now fall much deeper as previously predicted and hit the 618 lower before de next rise.

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I share this Idea. Exactly what I think. Can break down, double top, or can continu a the move up.

EURUSD: might be a double top, but it will go up eventually

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update: Actually the euro is pushing higher. It's very hard but it was not going lower today. It's not a surprise to me to see not so much movement today because its a holiday weekend with all Saints Day and thus less euro activity. We can notice a bullish engulfing candle pattern on 4H. I think there will be again the same kind of activity next Monday and push the euro a little higher but there's a huge chance to see this reverse maybe Tuesday or Wednesday. I understood that even the better traders prefer not to speculate to much on how high the euro will go but most think the correction down or even the break down is not far. Have all a nice weekend.

Trade active

TP 1and TP 2

Trade closed: target reached

TP 1 and TP reached

Note

Waiting for "maybe" a small rebounce. When getting the new signal then short again.

Trade active

New targets TP1 (yellow line) TP2 618 (see main publication)

Trade closed manually

TP1 is in the pocket
TP2 closed manually at 1.10065 (couple of pips above the 618)

note: I closed in anticipation of a small rebounce. But actually I see it go down to 786 or at least retest the 618 before a reversal. I have atm no prediction of the potential.

Manu76

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