Everytime EURUSD touched the downtrend line, it keeps bouncing back. It has happened 4 times in the recent past on H4. One or two more time, the pair is likely to violate this trendline and commence another impulsive wave to the upside. However, the sentiment could change bearish if the uptrend line is broken and price can keep going down...
Hi BullBear : There is a probable lower low placement on the euro pair - i`m waiting on lower outcome which is expected at the 78% percent inside bar on the monthly cycle low at 1.0801 - before a return to the monthly chart swing high phase can be considered.
This trading strategy uses Fibonacci Metric Gauge lengths - designed by myself.
meszaros
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I agree with your analysis.
RemusRocknRolla1
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@meszaros, im down 500 pound in eur usd i have my stop loss to 1.09000 but im still holding it because based on the same projection.
the reason ? brexit it-s almost to an end. some good news will come early
This trading strategy uses Fibonacci Metric Gauge lengths - designed by myself.