PartyDevil

Short term bear, long term bull

FX:EURUSD   Euro / U.S. Dollar
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1
As you can see price will most likely make a lower move, if it falls down it should at least hit 50% fib line before making higher move. This is also wave #4, and we haven't seen any major retracement so making lower move will make sense. After we are done with wave #4, you can probably go long and ride wave #5 all the way to the top. If you want bigger picture of this idea, zoom out of this chart.

Comments

I agree with this...will go down to 1.3100 and shoot up to 1.3500.i believe we are in an uptrend on EUR/USD which is gonna end in 1.40s
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