This is my view on this cross for the next few days.
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to...
I see Tricky scenario on EURZAR Monthly TF
stopping action in 61.8 from the previous impulse wave, naturally, its 2nd tp crab pattern, breaking the level of 61.8 will go to the below demand zone.
it might take 6 months it might take a year to reach that demand zone.
Trend Is Your Friend
1. One touch, Two Touch and Three Touches
complete a trend.
2. EMA acting as dynamic resistance
3. Market has entered an area of sensitivity
@ 19.8000 also know as a psychological level
where institutions place orders and take profit
4. Waiting for 3 two hour candles to show signs
of rejection to place sell...
After our last call, which already trigger with a nice profit, we can look again for the one who missed it at a 2nd chance to enter in market.
The price retrace at the 0.5 fib level of the previous leg and we could even expect to see a further move up to the 0.618 fib level (around 19.676) level for a retest of the resistance structure.
If the market will give us...