[EURUSD] +1% Down Correction w/ Spectro™ MThis is a signal using Spectro™ M
So the first thing we have to observe is that after a long run-up after the dip we're seeing that the resistance drew by our Auto Pivot System, that's the Adaptative Fibonacci mode, at 1.1578 held the price well.
The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the bottom of the red cloud that's our 1% safe target close to 1.1472
As you can see from past trades the clouds can be very precise prediction future price.
We're coming from a downtrend, shorting would be trading with the trend, we can tell the trend is down because of the Trend Analyzer that plots the background as red, but now it just turned orange, since we're using the special Specter's TA mode it means that a huge price movement is about to happen, it's a high volatility warning, which is something that I always look on trades.
So pretty much we don't have many confirmations yet, but this is a trade you might wanna watch since we have so many favors on our side and I'm posting this with enough time for you to draw your strategy!
We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a high volatility zone alert(orange background) so that's something I'm keeping my eyes on
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