DanV
Short

EURUSD - SHORT TERM BEARISH

FX:EURUSD   Euro / U.S. Dollar
1759 views
Following on from my earlier chart on short term bearish view, we have topped in rising wedge and have broken down from that. Now it seems we have dropped in falling wedge or possibly leading diagonal , which is being retraced in (a, b, c, zizgzag) at present. On completion we could have low risk shorting opportunity around 1.3080 -1.31 area. Slightly further out overall decline target is around 1.2950 - 1.2920. But you can have initial target of 1.30 area

Comments

only point C now is to High :)
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DanV StockFxMarket
Not sure, it might be, but I think being a round number has a good chance for hitting it in spike.
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great call,...you were right :D
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DanV Razvan
Thanks. Main thing now is that if my counts are correct, we should have reletively good retracement down to 1,29 or 1.2850 area. so still possible to enter short on sensible retracement.
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DanV Razvan
Thanks. Main thing now is that if my counts are correct, we should have reletively good retracement down to 1,29 or 1.2850 area. so still possible to enter short on sensible retracement.
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good job..perfect analysis
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Looks interesting, but keep in mind that a rejection from here might start a new impulse in the trend direction.
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DanV Razvan
Hi thank you for viewing my chart and posting your observation. You could be right. However from the low of 1.2660, I seem to make 5 waves move up ending in rising wedge ie Ending Diagonal. So now I am expecting some retracement of the move. The could take place in possible A, B, C zigzag down and current minor move on smaller time frame is just a start I think. Check my earlier chart with view on larger time frame.
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TF15 not good for this movement
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DanV Leonardo.Ciaccio
I know, 15 min is too small but the current minor view is difficult to show on larger time frame. For that check my earlier chart . Thank you anyway for your comment. Appreciate it.
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