EURUSD made a wonderful drop in Week 13 as expected. For all traders who shorted, congrats to your big profit! It was a swift move and it didn't post much risk to traders shorting them.
The bearish move of EURUSD was quite strong, and it only started to consolidate and giving hints of reversal on Friday.
The bearish trend sees 4 level of drop rather than 3, even though the last level of the drop is not really a consolidation level, but it fulfilled certain criteria so I named it as level 4.
Nonetheless, even though it is a 4 level drop, traders who shorted it might see minimum losses if they expected the reversal to be at level 3.
For Week 14, I am expected a bullish movement and the analysis pointed a bullish trend in Week 14. Therefore I would be going Long on EURUSD for Week 14.
I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
The bearish move of EURUSD was quite strong, and it only started to consolidate and giving hints of reversal on Friday.
The bearish trend sees 4 level of drop rather than 3, even though the last level of the drop is not really a consolidation level, but it fulfilled certain criteria so I named it as level 4.
Nonetheless, even though it is a 4 level drop, traders who shorted it might see minimum losses if they expected the reversal to be at level 3.
For Week 14, I am expected a bullish movement and the analysis pointed a bullish trend in Week 14. Therefore I would be going Long on EURUSD for Week 14.
I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
