Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Great analysis, one remark though, i think we should take into account the fact that cycles are getting longer and longer , so the expected oct/nov pump could come a little later without the need to panic.
arya3789
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@ShotGunJoe83, Exactly. In addition to that, I am not sure if the whole theory of expecting a previous cycle to be replicated is a good consideration.
ShotGunJoe83
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@arya3789, well, it doesn't have to be an exact replica. It can be an altered version of a previous run ( or fractal of a run ) because we need to take in consideration that the market constantly evolves ( i.e. longer cycles with lesser returns ) . Also, so far all the similarities he gives between the 2013 run and this run are really there, there's no point in denying what we can observe in the charts... In fact, i posted some 2013/2021 ideas myself, why? Because it's easy to create? just copy paste? No, because the similarities are simply there, technically at least... so let's wait and see what the future brings because fundamental events etc. will ofcourse be different than in 2013 ;)
arya3789
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@ShotGunJoe83, Yes, let's wait and see. I am so positive about the situation we are facing and hope all these happen, I do need that. Cheers.