I think there might be a good possibility for eurusd to drop low down to 1.17 as it seems in a strong downtrend.
Feel free to comment feedback is appreciated.
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First of all I'd like to point out that we're in a bearish flag (Red). Typically bearish flags have a 6th count, which inclines me into thinking that we could hit $10,000 for the 6th count.
We also have a double bottom (Yellow) with the target of $10,000.
Right now we're in a Pennant (Purple) which can go on until we pass $9,400, which is our double bottom break...
these past weeks E/U has had major news for both countries, hit highs that haven't been hit in years, and lows on DXY that haven't been touched in a while. on our you can see divergence on the chart, and indicator. it shows that it is supposed to be a double top, but RSI said it went down. Also the pattern went exactly to the 50 percent mark on the Fibonacci...
Waiting for BTCUSD batpattern confirmation. Price might break it's current support trend line (aggressive traders) in a couple of days, and move to second support trend line (moderate traders).
Additionally, bollingerbands indicator reveals a M formation, which support previous analysis.
BuyNear: 8350 (support trend line )
Take Profit Levels depending of your...
