EUR/USD-Euro-Dollar - Bearish Divergence @ Reversal Levels
Following up on our previous post and SELL Set-Up on EUR/USD, we would like to ''push the pedal'' on this pair and emphasize that we are having a Bearish view.
Let's make a small recap and see where we are located, shall we?
Aggressive and Moderate Entries did not hold due to the Complex Expanded Flat Formation in Minute IV (green) and an unexpected Extension in Minute V (green).
However, that being said, now that we have a clearer view, we are still SELLING EUR/USD-Euro-Dollar with the Conservative Levels.
EUR/USD-Euro-Dollar - Wave Couut Update:
Minute IV (green) unfolded as an Expanded Flat in its Minuette ABC (blue) Sub-waves.
Minute V (green) unfolded with a Solid Extension caused by Market News & Fundamentals, with the Extension present in Impulse Minuette III (black).
Fibonacci Extensions Measurements of Minuettes III & IV (black) are telling us that Minuette V (black) is complete, with its Sub-Minuettes also finalized.
There is a Solid Bearish Divergence present which is nothing to joke with considering the fact that the current Levels are Important and could trigger a Trend Reversal.
EUR/USD-Euro-Dollar - Medium/Long Term - SELL Position:
Entry Level - 1.12000
SL - 1.13600
TP - 1.05000 & 1.01000
* Safety Measures:
– When in the green, move SL to break-even or in profit.
– If Conservative, wait for the Bearish Trend to start and get in on the next Flag Formation.
Let's make a small recap and see where we are located, shall we?
Aggressive and Moderate Entries did not hold due to the Complex Expanded Flat Formation in Minute IV (green) and an unexpected Extension in Minute V (green).
However, that being said, now that we have a clearer view, we are still SELLING EUR/USD-Euro-Dollar with the Conservative Levels.
EUR/USD-Euro-Dollar - Wave Couut Update:
Minute IV (green) unfolded as an Expanded Flat in its Minuette ABC (blue) Sub-waves.
Minute V (green) unfolded with a Solid Extension caused by Market News & Fundamentals, with the Extension present in Impulse Minuette III (black).
Fibonacci Extensions Measurements of Minuettes III & IV (black) are telling us that Minuette V (black) is complete, with its Sub-Minuettes also finalized.
There is a Solid Bearish Divergence present which is nothing to joke with considering the fact that the current Levels are Important and could trigger a Trend Reversal.
EUR/USD-Euro-Dollar - Medium/Long Term - SELL Position:
Entry Level - 1.12000
SL - 1.13600
TP - 1.05000 & 1.01000
* Safety Measures:
– When in the green, move SL to break-even or in profit.
– If Conservative, wait for the Bearish Trend to start and get in on the next Flag Formation.
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Correction ending
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ECB Press Conference delivered the expectations:
