Spketss
Please tell me your opinions on this one. I believe it can be right due to a number of factors.
Evidence provided for bearish: - Hit top of trend channel - Reached demand zone - Decreasing volume - Candles with a long tail This is educational rather than a tip. This is an easy strategy that might not work this time. After all, it works most of the time.
This Elliott wave analysis are easy to understand. Please ask if u got any questions regarding the analysis.
Bearish here are keyzones, give me your thoughts
Bearish it is ;) - potential head and shoulder - Wicks on current candlesticks
Bearish next weak, you see... - peaking rsi - supply zone - bearish last candle
What tells us about the upcoming reversal? - Peaking RSI and decreasing in momentum - Demand zone - 0,618 Fibonacci What do we need in order to trade short? - Reversal candlestick pattern - Closure under demand-zone Remember to put stop loss above demand zone and have a nicely done RR and analysis for yourself :)
DXY will go reversal into an ABC pattern, wave B starting next weak :) Good day to short eurusd
We have had a peak at RSI starting to swing around. Bearish candles, inside supply zone, bullish traps sooner, I think bearish is the way right here :D
This is educational :) You can see that the price is a bit "blurry" at the first order box. Why is this? Financial institutes never invest their whole money at the same time to get "stopped out" or "margin called". They do this to check how the price is reacting to their orders. For example, if they want to invest 100 million euros in a long position; firstly...
Will retest support to then go to the moon!
I do certainly believe that EURUSD, with the help of raising DXY, can go bearish in the following 3-4 weeks. However, long term EURUSD is bullish, and in a positive trend channel. On Daily, rsi is increasing but it has been a little weak last 3 days, on 4h RSI is decreasing. I'm looking towards a short-position and transfer it to a long position at 1,195. What do...