Hey traders , hard trade days we walk through but we will survive in this or the other month ,
In this chart on daily time frame we see pin bar , technical this is signal that the price will go down and it did .
But to put more clarity on this chart we have to go on lower time frame (on H4) ,
firstly i draw a 3 wave pattern , that is Elliot Wave , and after that comes the ABC correction , but i will enter in this trade only if i have the confirmation that i need for the best entry.
I will monitoring price action on Monday to take the best entry , of course this scenario can dismiss because bulls will try for upside movement but i am pretty sure that they will fake out like before .
Secondly , i want to mention that the supports and resistance aren't numbers are AREA , so for me i am waiting the opening on Monday for little up but after that massive sell coming soon for euro , depends on fundamentals.
I expect the price to come little bit high to rejected , and then come down 200pips.
Have a nice and profitable week . thank you
In this chart on daily time frame we see pin bar , technical this is signal that the price will go down and it did .
But to put more clarity on this chart we have to go on lower time frame (on H4) ,
firstly i draw a 3 wave pattern , that is Elliot Wave , and after that comes the ABC correction , but i will enter in this trade only if i have the confirmation that i need for the best entry.
I will monitoring price action on Monday to take the best entry , of course this scenario can dismiss because bulls will try for upside movement but i am pretty sure that they will fake out like before .
Secondly , i want to mention that the supports and resistance aren't numbers are AREA , so for me i am waiting the opening on Monday for little up but after that massive sell coming soon for euro , depends on fundamentals.
I expect the price to come little bit high to rejected , and then come down 200pips.
Have a nice and profitable week . thank you
Trade active:
also if you put RSI , you will see that is overbought this doesn't mean anything for me only a confirmation for the bias that i post it but technical this is signal of sell .
thank you !
thank you !
Trade active:
our first target will reach in 50pips .
Trade closed: target reached