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Hello guys, in this technical analysis we see a several correction of this par.
In Daily we are in this situation of the market and the possible continue of this drop
In the past, we found out a shoulder head shoulder, that signal is so bearish!!!
The objective is to find down 175 pips. Also, following the trend in H1 you have a opportunity to entry in short in the 0.382% of Fibonacci, now I change my strategy because using trend-lines is more effective that using indicator to make a technical analysis so simple. If you're a beginner in that, know that we are in bearish trend , so, that case, we continue sell off. Also, if you noticed it, this yellow circle show the lower lower and higher lower that in that case the trend is so bearish , until we know that the bearish trend is stopped making a lower equal the previously lower, that is a possible change of the trend!!!
Also guys, in the other pars taht I follow, I will going for tomorrow to make a clear updated as you see in this.
As I have activated my sell, I am in profit near of 30 pips, I do not reccomend to closed up, because if you closed up, the price it's going to back to drop more, that my friend is just that the price need to make a pull back in the 0.382% of Fibonacci to later drop, there are a possible opportunity to entry in short in the 0.382% of Fibonacci.
In Daily we are in this situation of the market and the possible continue of this drop
In the past, we found out a shoulder head shoulder, that signal is so bearish!!!
The objective is to find down 175 pips. Also, following the trend in H1 you have a opportunity to entry in short in the 0.382% of Fibonacci, now I change my strategy because using trend-lines is more effective that using indicator to make a technical analysis so simple. If you're a beginner in that, know that we are in bearish trend , so, that case, we continue sell off. Also, if you noticed it, this yellow circle show the lower lower and higher lower that in that case the trend is so bearish , until we know that the bearish trend is stopped making a lower equal the previously lower, that is a possible change of the trend!!!
Also guys, in the other pars taht I follow, I will going for tomorrow to make a clear updated as you see in this.
As I have activated my sell, I am in profit near of 30 pips, I do not reccomend to closed up, because if you closed up, the price it's going to back to drop more, that my friend is just that the price need to make a pull back in the 0.382% of Fibonacci to later drop, there are a possible opportunity to entry in short in the 0.382% of Fibonacci.
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