The exchange rate reached the bottom of its correction level. The downward trend is not over yet. Despite this, there is a good chance that a 40% increase is likely. The target price increase is 4895 usd. I recommend firstly for intra-day trading. Apparently, a double decreasing wave structure is beginning to emerge. We are in this wave of correction.
@jasperlawler, Thank you very much. I put the stop order there. In the longer term, I expect a further reduction. I assume the current movement is a correction.
meszaros
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@jasperlawler, I would be very curious about your opinion. What do you think of WTI?
I made this analysis. I was surprised by the end result. At first I would think it would be an exaggerated fall, but the calculations gave it.
jasperlawler
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@meszaros, Your analysis is an eye-opener!! I think your target is definitely in line with current sentiment in the market. I think we get some bounce before the OPEC summit - maybe means a bounce from $50 to $60
meszaros
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@jasperlawler, Thank you for your reply. Yes, at this $ 60 level, I agree with you.
Captain_Walker
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Excellent stuff - we're more or less on similar wavelengths. LOL.
meszaros
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@Captain_Walker, I sincerely welcome this. It is always reassuring to see other traders getting a similar result to a different commercial strategy. This also means that the commercial strategy of both sides is based on well thought-out and stable foundations.
Captain_Walker
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@meszaros, As I always say, 'There is no one road to any promised land'. LOL
meszaros
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@Captain_Walker, Yes. This is not the profession where the future is sure to be seen But what is it today? Everywhere in the world is uncertainty.
RafaelZioni
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Its all depend if the BTC will pass 4300 then next target can be around 5000 . here if your model correct it will fall , on the other hand if it reach 5000 then many will buy and there is a good chance for return to 6-7000 level again