Check out the explanation for this chart in the video linked below. The expected risk\reward ratio at a minimum is 18:1 Entry: 1.09297. Stop: 1.08518. Target: 1.23436. Things that invalidate this idea include: Price breaking support before the entry level is reached or if entry is reached and price reverts and breaks support. Remember to use Disciplined...
Check out the latest wave count for the Euro. In this setup we are one step closer to the EURUSD pair moving higher. There is one wave that occurred at this recent high that explains the confusion experienced recently. I also went back and corrected some potential misidentified counts at the beginning of this recent Wave 2 correction. Hopefully this time we...
When we look at the past history, Germany, whose army was liquidated by nato and russia, decided to form an army again. Europe will invest its savings in arms. Since the world arms market giant is America, the biggest demand for dollars will come from Europe, what triggered this, Russia's attack on Ukraine? of course no. The second largest army of the...
2 scenarios for the EURUSD. 1st scenario, with a 60% probability, decline to the channel support line in the price range of 1.01930. Entry around 1.01930, with the first target of 1.02450 and the 2nd target of 1.02785. In the 2nd scenario, upward movement with high acceleration, The first target is 1.02785 and the second target is monthly resistance at 1.03850 Goodluck
EURUSD (long-term) €vs$ There’s a downward double zigzag, which is supposed to be wave (2). Previously, we have a massive advance in wave (1). In this case, we might be at the early stages of wave (3) of ((C)), as shown on the weekly chart above.
Over all I think its time for eurusd long. Now great possibility for a long entry with a very good risk/reward. Double bottom rejection. Target could also be higher than drawn in the chart. Enjoy & ask :)
The EURUSD has being in a bullish trend since December 25 2016 (based on the Weekly tf) and the trend should resume albeit the temporary sell off as shown on the 4hr tf. For the 4hr tf, I have shown the evolution of the trendline for price action with Trendline 1 being the major trendline, while Trendline 2 is a more recent and steeper trendline. Trendline 1 is...