Hello traders,
I bring you here a trade on EUR/USD, and i must say, EUR/USD is about to Become a Bear for a long time!!
I was analyzing the weekly chart and price broke a trendline with almost 2 years and has just retested it and made a Shooting star on the weekly chart.
Bearish MAs crossover on the Weekly chart also confirms more downside movement, the final target on the weekly is almost 1000 pips down. I will post later a weekly chart technical analysis if you want to so you can see how crazy can things get on this pair on long term! Big opportunity for us traders for sure.
We are now going to touch de 0.5 Fib area and maybe going to retest the 0.382 area, and after that a big move down is expected.
Wait for the entry zone to SELL!
Feel free to comment your ideia below! If you like this post dont forget to leave a LIKE i appreciate it very much ;)
I will update this trade when needed.
I bring you here a trade on EUR/USD, and i must say, EUR/USD is about to Become a Bear for a long time!!
I was analyzing the weekly chart and price broke a trendline with almost 2 years and has just retested it and made a Shooting star on the weekly chart.
Bearish MAs crossover on the Weekly chart also confirms more downside movement, the final target on the weekly is almost 1000 pips down. I will post later a weekly chart technical analysis if you want to so you can see how crazy can things get on this pair on long term! Big opportunity for us traders for sure.
We are now going to touch de 0.5 Fib area and maybe going to retest the 0.382 area, and after that a big move down is expected.
Wait for the entry zone to SELL!
Feel free to comment your ideia below! If you like this post dont forget to leave a LIKE i appreciate it very much ;)
I will update this trade when needed.