Bullish mood at EURUSDFX:EURUSD
Hello Tarders,
In my previous post, I supposed that 13 months long correction finished and new EWA cycle has started at EURUSD and today chart confirmed my idea again with unbelievable daily and weekly bullish candle, which confirm that we gonna go to bullish trend :)
Chart finished to develope 1 and 2 waves of new Intermediate cycle inside 1 wave of Primary cycle and from 3 April 3 wave of Intermediate cycle started to develope itself on the chart and I expect that it will grow till 1.16000 - 1.17000, somewhere in those area
1 wave of intermediate cycle was developing from 8 March till 20 March (13 days Fibo), 2 wave of Intermediate cycle was developing from 21 March till 2 April (13 days Fibo), so I expected that 3 wave of Intemediate cycle will be developing from 21 to 34 days and chart will reach target 1.16000 - 1.17000 till 6 May maximum, cause it has started on 3 April
2 wave of Intermediate cycle got a really sharp and deep structure it almost finished my calculation, but it didn't penetrate begining of 1 wave, so caculation still correct and we can conclude that in according with principle of alternation inside EWA cycles 4 wave of Intermadiate cycle will get horizontal form and won't go down lower than 1.15000
Also today the chart did the break out of previous bearish trend line that confirm bullish mood of the market
This is historical trend reversal in trading, cause US dollar gonna fall down really hard while next year and this falling just started now :)
Also this is so symbolic that 1 and 2 waves of Cycle were developing 13 months each and 1 and 2 waves of Intermediate cycle inside 3 wave of Cycle were developing 13 days each
Wish good profits to everyone !
