Low Risk EURUSD Shortsetup using Harmonic patterns

May 23, 2022

Keep it simple. Using Harmonic patterns.

Two AB=CD pattern on the smaller timeframe. There is a probability it will first go to the retracement box before a potential pullback or reversal. It's also forming a 3rd leg up, wich most of the tiime ends with a reversal. If you woudld like to go short: wait for a better structure. Maybe a push higher above everything and then falling back under the AB=CD levels and trendline. That would be a nice structure to sell short!

𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙!
Thank you and have a good one

May 23, 2022

Note

Also have a look at the GBPUSD chart for correlation (if we approach the D mark on GBPUSD, it is safer to go short on EURUSD)

Jun 10, 2022

Note

Played out perfectly, with the D mark at GBPUSD was the ultimate sell signal for the right timing. You can take partly profits for +215 points now at 1.05272 or you can lett it run with a SL at break even and see what the market will bring.