We received a short alert from our Harmonic Scanner yesterday, for the EUR/USD on the D1 timeframe.
The harmonic scanner has a 99% win rate for this currency pair.
A flying fox harmonic pattern has completed
Price is at a major resistance level
Our short target levels are 1.10986 – 1.10554
What Other Traders Are Predicting
EURUSD Falling Wedge Pattern in weekly with 50 EMA Rejection Signal Market fall down more. This daily swing has been difficult to peg, but I believe we are in fact going down now… to 1.096 zone… back into my shorts… DXY is about to gain its strength, EU clearly show the opportunities to look for a nice smooth short entry as price has strongly rejected strong supply level 1.11930 showing a great opportunity to short EU. All we can do is wait for price to revisit that zone (hopefully), and whenever price falls in that selling zone, we will shoot the bullet.
