I bought some EOS on a whim thinking I would hold it for maybe 10 years. Here is a breakdown of using fair value areas to make predictions. I would be bullish thinking it’s due for another kick up like we saw last month.
EURUSD is on a UpTrend The Ceiling was created when the market hit resistance, now we’re heading down to create the floor at the support area. The Head and Shoulders pattern makes the trade easier 😂 Any disagreements , leave a comment below.
NZDCHF Long on re-test of PRZ zone formation
in Daily chart : Floor area 50% & 61.8% fibo retracement Uptrend line in weekly time frame MA200 Hidden divergence > Buy Entry : 0.6770 Stop : 0.6720 (50 pips) TP1 : 0.6820 (50 pips) TP2 : 0.7000 (230 pips) in 4H chart : Uptrend line Hidden divergence
The RSI is overbought and the price has formed a roof and a floor. The price is going downwards so we are expecting the floor confirmation in 1.58950
The Price has started an upwards tendency and the Fibonacci retracement has been made up to 50% so we are expecting the Price to hit 1270.15
The price should go up until 1.34195 (which is supported by a ceiling) then make a correction of .382 and continue the downwards tendency until price 1.32954 which it is supported by a floor
Long Opportunity on NZDJPY base on floor ceiling effect
Long Opportunity based on floor and ceiling effect
-Floor and ceiling effect, looks like will bounce back to uptrend line and many swing shorts will be covered. -Will turn into long once it reaches the blue line. -Currently short, entry @1.35146 looking to cover at 1.34661 to 1.33818