Euro did exactly as we predicted but it gone up 30 pips up more than we expected that we will put in our error of margin in Forex.
With this strong believe and confidence we will proceed next.
We are BEARISH now confident and we believe that it has completed its all corrective requirments at level 1.0990 approximately.
This up rally was christmis compaign as fake up rally to make herd on wrong foot and then kill them all in one flow.
I know very well a lot of analyst taking it as bullish but with my eyes , we are BEARISH totally.
Due to low volatility & christmis it is hanging here and there and showing nice but we expecting quick moves soon.
We are in wave (3) which will now started and it will be quick very and will have to travel 161% of leading diagonal which lies near 1.07.
Also if we talk about projections play then its also lies near 1.0626 and this type of opportunities I love to play.
We are expecting very quick big moves either this week or next week towards our down target near 1.07.
Our long term plans lies at 1.00 target.
Trading recommendations :
We will look to short euro below 1.0900 stop loss we will place at 1.0950 and target will be the 1.0700 . Time to catch profit guys. Inshallah.
With this strong believe and confidence we will proceed next.
We are BEARISH now confident and we believe that it has completed its all corrective requirments at level 1.0990 approximately.
This up rally was christmis compaign as fake up rally to make herd on wrong foot and then kill them all in one flow.
I know very well a lot of analyst taking it as bullish but with my eyes , we are BEARISH totally.
Due to low volatility & christmis it is hanging here and there and showing nice but we expecting quick moves soon.
We are in wave (3) which will now started and it will be quick very and will have to travel 161% of leading diagonal which lies near 1.07.
Also if we talk about projections play then its also lies near 1.0626 and this type of opportunities I love to play.
We are expecting very quick big moves either this week or next week towards our down target near 1.07.
Our long term plans lies at 1.00 target.
Trading recommendations :
We will look to short euro below 1.0900 stop loss we will place at 1.0950 and target will be the 1.0700 . Time to catch profit guys. Inshallah.