Eurusd Monthly possible escenario
I think that Eurusd made a strong expanding diagonal since 1970 to 2008. ( rare but not impossible ) This diagonal was made only of corrective waves. Then , 2008 crisis began. Eurusd start it's bearish trend as what it seems also a Diagonal, but this time contractive ( wave A )
It seems to me that we are in the pullback of a shoulder head shoulder created from 2015 to 2022, and we haven't broke Bollinger upper band yet. Volume also confirms the breakout and bearish divergence usual in waves 5. We haven't reach 61.8 % fibo yet, and we hace strong liquidity in that area.
Is Eurusd ready to crash? Let's see....
It seems to me that we are in the pullback of a shoulder head shoulder created from 2015 to 2022, and we haven't broke Bollinger upper band yet. Volume also confirms the breakout and bearish divergence usual in waves 5. We haven't reach 61.8 % fibo yet, and we hace strong liquidity in that area.
Is Eurusd ready to crash? Let's see....
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Trump election can take us faster to this level.
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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.