Updated

EURUSD: Favorite pair of traders has some Shorting opportunity

The Elliott Wave outlook is showing some opportunity to short EURUSD soon. Triangle looks completed. There is a minor chance that wave-E of triangle is underway but since Alt:wave-D has violated the Elliott rule by passing the end of wave-B by a few points, I believe this is wave-i instead of wave-D. Lets see the price action in coming days and weeks. Remember that the Elliott-Triangle always precedes the final move of a trend so most probably Euro will rise after completion of this bearish move.
Please keep an eye on comments below to see my updated wave counts and alerts.
Thanks and Happy trades :)

Note

Hi guys
Looks like the selling opportunity has finally arrived. Lets try this very small risk trade !
Good luck

Note

My idea is still the same!

Note

In previous trade the SL hit with very small loss. Now we have another correction that looks completed. Its same as USDCHF. I have two scenarios as shown below until the wave-E top is not broken:
Impulse Scenario:

Ending Diagonal Scenario:

Note

Hi guys
From the two scenarios shown in my last two comments, lets assume its impulse wave to the downside so here we get an opportunity to add more to our short position:

Trade closed: stop reached

Elliottician_SamRoy

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Elliottician_SamRoy

Also on: