Good afternoon
UJ is looking to be on a bearish trend and currently forming. I posted analysis last week pertaining to this pair being a bull run, it started off strong, but the bears seem to be taking control. No worries, all we have to do is adapt and react off the market conditions
Here is a quick scalp opportunity to get into if you are currently scanning...
Hello ladies and lads,
there is a good opportunity in EURUSD. I have described the situation briefly in the following lines:
1- Pattern:
5 wave pattern (motive) of C of Bigger ABC.
2- Fib zone:
1st wave projection from end point of 4th: 3.00
3rd wave projection from end point of 4th: 0.382
4th wave extension: 1.272
3- Indicators:
MACD :...
I am looking for buys on this pair.
The five wave impulse pattern has completed.
Waiting for the corrective pattern to complete to look for entries.
I've speculated I will take entries at the daily and 4 hour support level given how price action plays out.
When we look for reversals, it's very important to wait for confirmations, which in our case would be five-wave rally. If we take a look on 4hour chart, we can see a potential “Double Bottom” pattern, from where we clearly see a five-wave cycle in forming towards 250-260 levels, which would confirm that bottom can be in place. But if from any reason sharply drops...
