EUR/USD FURTHER SELLING PRESSURE... ELLIOT WAVES ðð
Hi Traders
We have seen some bearish mometum developing on Eur / Usd last week and we want to see this continue on through into next week.
We will be anticipating a break of this bearish flag to confirm the bias where we will then begin looking for shorting opportunities on the 4 hour and 1 hour time frames.
Now in the event this flag does not break straight away we may see price come back into the descending trend before having enough volume to break.
Therefore ensure if you entering before the bearish flag break that the market has a bearish sentiment and that you are entering from high structural level or some form or reversal signal.
As always guys trade safe and let me know in the comments below your thoughts on Eur / Usd for the week ahead.
Any comments and likes are always appreciated!
The Fx Chartist
We have seen some bearish mometum developing on Eur / Usd last week and we want to see this continue on through into next week.
We will be anticipating a break of this bearish flag to confirm the bias where we will then begin looking for shorting opportunities on the 4 hour and 1 hour time frames.
Now in the event this flag does not break straight away we may see price come back into the descending trend before having enough volume to break.
Therefore ensure if you entering before the bearish flag break that the market has a bearish sentiment and that you are entering from high structural level or some form or reversal signal.
As always guys trade safe and let me know in the comments below your thoughts on Eur / Usd for the week ahead.
Any comments and likes are always appreciated!
The Fx Chartist
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Currently running 150+ pips in profit.
