SurferAlchemist

SurferAlchemist

In Day Analysis downtrend has been broken by what is confirmed to be a Elliot Wave formation. The second wave in Day Analysis is giving a reentry at level in Hourly Timefame I expect a possible impulsive move from 4 to 5 in the Day timeframe Chart. in the 4HR time frame a Fibonacci confirms the retracement of the next first impulsive move, what would be the...

SurferAlchemist

Looks for me as a potential opportunity to sell and go for juicy 100 - 130 pips to price zone 1.2999 - Let's wait for small time frame confirmations before pulling the trigger Part of the retracement I would look for buys at level 1.2999 Thank you for watching

SurferAlchemist Updated 

Strong price reversal areas, coincides with Fibonacci levels and trend direction. I would only enter at level 38.2 if in 5 minute chart makes a Shift and Momentum, more likely for me to test 61 and to continue going higher! On the other hand if breaks trend line we short it baby and but I would check for new price reversal areas.