MrRenev

Eurodollar. Bounce then cataclysmic flush possible.

MrRenev Updated   
FX:EURUSD   Euro / U.S. Dollar
Warriors!

Check where EURUSD at now. Testing that weekly Guppy. I have found guppy's work pretty well with this chart.
Allright so as we just dumped in that area which is supposed to be supportive, I think there is a high probability of a bounce.
Once we bounce thought, we could then go back down. Hide your pants if that happens.
We still have monthly support thought, so it won't be all over yet.

If we lose the monthly support, nothing is going to stop the fal until some yearly support area.

Zooming in check what happened last time this occured.

it just took giant dips barely bouncing. They were support area in between, and euro got oversold, but it didn't matter it just kept falling, there was sometimes tiny bounces, but going long during that fall was really bad and would have been losses most of the time.

Self reminder not to go long euro if we go down like this.
Comment:
I spent several entire days looking at the eurusd chart filling excel files, it melted my brain after a few days of this. And now for the sweet reward.

I'm long since the bottom, cashed out some to secure this win, and now I'm look at the moon. Remember, the sky is the limit. Victory tastes awesome!
Going to go up up up possibly (for now).


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