Wave-Trader
Short

EURUSD Watch breakdown for one more leg down

FX:EURUSD   Euro / U.S. Dollar
Hi there, We are having very nice bearish fall on EUR pairs. We are having very nice trend continuation trade setup on this EURUSD pair for short term.Watch for breakdown and look for sell before the breakdown. Couple of more candles can form for upside before we are having breakdown. In case price break above the previous high and do not breakdown then it will change the bearish pattern formation. As long as price will stay under the previous high look for short. Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use risk according to that.
Comment: Correction is getting bigger watch top
Comment: Breaking nicely enjoy your trade fellows. And look for further downside
Comment: We are still in continuation formation. But Correction is getting bigger if you are in short best to take off on break even and get in again once we will see the Completion of the bigger correction. I will try my best to update the chart.
Comment: We are still in continuation formation. But Correction is getting bigger if you are in short best to take off on break even and get in again once we will see the Completion of the bigger correction. I will try my best to update the chart.
Comment: Watch breakout couple of more bars may appear.
Comment:

Comments

thank you for the analysis!
+1 Reply
I am in from the yesterday breakout, first setup. I hope finally drop
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I'm expecting a retracement to broken daily H&S neckline
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schakim eazywayout
@eazywayout, I agree on that, and it would also be a 38.2% retrace almost to the pip. However, don't be surprise if it continues even higher and make a false rebreak of th eneckline, up to 50% or even 61.8 before turning down, especially if the move happens during low liquidity.
+1 Reply
thanks for sharing
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thanks for sharing. I just uploaded my dollar outlook. enjoy the profit and safe trades
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Thank you for the analysis Wave-Trader
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