Guys, what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of the time we in the money.
In the mean time though, despite all the hype about the Euro, I think it gonna whoop your ass if you buy at the tops.It is getting a lot of airtime in the media and you know when that happens, it is at the last leg of a bullish run. Now we have a bearish engulfing pattern and a minor correction higher next week after this steep decline, price might appreciate perhaps to the 63.2% Fibonacci level in the 4HR chart before bears resume. I urge you guys to go short then. I will keep you updated though, no worries.
Break below that support trend line is significant and will signal a long long bear trend. The earlier you get in the ride, the better. I also post at www.newsbtc.com---https://tinyurl.com/NewsBTC-com---- me and my colleagues do a lot of research to give you the best, preview today and let me know. Ok, I'm marketing this but I just thought you should know. :)
Yomune? agere kinam kazit kapisa... great work, nice to see a fellow compatriot for a change. I agree with the EURZAR prediction and that the the signal is indeed bearish on both the weekly and daily and there is no contrary signal on the H4 chart either at the moment. I also agree breaking of highlighted trend line would trigger a hefty bear move.
The only reason I have a quirky contrary opinion, and why I think actually in the coming week we may see a bull run is that starting with the monthly chart we are back on the uptrend. (cup and handle - the handle part of the exponential curve ... the initial phase of that is where we are ....first link is below).
So am of the opinion that ANY first close of a H4 bull candle will rapidly cascade into a strong bull run, the H4 chart phase we are in is also on a parabolic curve (second link below).
Lol, it may seem am seeing only parabolas everywhere at the moment, but I just thought to give you a heads up... am sure you wouldn't have missed the bull run either whether or not I pointed it out, all your previous EURZAR predictions worked out pretty much on point.
@KeTrader, Thanks manyun, lazima ke gwer kasit oo papa. Anyway, Monthly chart is key, it's actually king and I refer to it most-if not all- the time. First off, lets see what the ECB honchos are saying-inflation concerns, the hopes of a broad based development not centered around Germany or France. Some reverberations in the banking sector especially in Italy and well, Catalunya want their money back. Their call for independence is setting bad precedence. Then most importantly, that bull run is a Euro seventh month high against the Rand which completes a double bar reversal pattern in the yearly chart-I visualized that by the way. Paste a Fibonacci retracement too their and you notice reversal at 50% psychological level. In my opinion, I expect further lower lows going forward with ultimate take profits at March 2017 lows of 13.36 in the short term especially if there is a breach below that support trend line. Otherwise, a breach above October 2017 highs of 16.4 will automatically invalidate this bear projection. What do you think? #EUR bears #ZARbulls #EURZAR
The only reason I have a quirky contrary opinion, and why I think actually in the coming week we may see a bull run is that starting with the monthly chart we are back on the uptrend. (cup and handle - the handle part of the exponential curve ... the initial phase of that is where we are ....first link is below).
So am of the opinion that ANY first close of a H4 bull candle will rapidly cascade into a strong bull run, the H4 chart phase we are in is also on a parabolic curve (second link below).
Lol, it may seem am seeing only parabolas everywhere at the moment, but I just thought to give you a heads up... am sure you wouldn't have missed the bull run either whether or not I pointed it out, all your previous EURZAR predictions worked out pretty much on point.
Links
-Silver dropbox.com/s/l50bgla5k10kse5/ed.png?dl=0
- What I think the monthly EURZAR chart is showing, tradingview.com/chart/EURZAR/T3Tc6sgw-EURZAR-PARABOLIC-CURVE/)
-H4 possible bull set up