FX:EURUSD   Euro Fx/U.S. Dollar
219 2 3
11 months ago
50% bounce, will buy on 1.1180
11 months ago
Comment: Short term trend is up. Market is accumulating strength for a while now and it will explode in any direction.

Resistance at around 1.1696 can call in the bears big time if it holds as double top - target 2.

If resistance is broken major trend becomes bullish and it may have strong run up. Resistance can also be retested as support and we can have very strong run up.

Daily chart - Short term trend up until around 1.1696...

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TebZAR
11 months ago
Wow I took 5lots as soon as you idea came and I'm in profit bro.! What indicator is this you are using?
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Money-Magnet TebZAR
11 months ago
thanks, used fib retracement to get 50% - between previous top on 25-aug-2015 and major low on 3-dec-2015. 50% is major support/resistance to forecast future moves, others are simple clone arrows measuring strength between ranges (you want them stronger (steeper angle) or same as previous range)
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