- EURUSD has started a correction phase already, but rejected before it hit the bottom of the trendline
- EURUSD’s previous tap on the trend line didn’t end with a higher high, but instead a lower high
- I expect to see some more bearish pressure once EURUSD hits the entry level as shown on the chart
Since the bull trend has broken we seem to be in a bear trend now.
How low will it go?
Perhaps we just consolidate in a range between 28.5K & 35.5k until deciding a new direction up.?
However I am likely thinking we are in a full bear season now.
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Hello Again dear investor .
Elliot Wave and ABC Pattern is completed and you can see Reverse Cup and Handel . Every thing is ok now. (T_T)
Stay tuned For update . (⌐■_■)
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White lines - analytics
Green lines - thoughts of long : 60%
Red lines - thoughts of short 40%
I don’t understand exactly how Bitcoin will behave, but I see that the chart is in the pennant for this reason with 60%; the likelihood of bitcoin growth if large whales do not prevent it.
On daily chart, seems it got stock between these two Support 0.715 & Resistance 0.7400.
Overall has been Bullish for so long. But is it the time to go Bear or not?
Watch for a release in the 1829.18 area to take a SELL and take the TP at the 1790.73 level and an SL at the 1856.27 level
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This strategy uses a EMA Crossover of 5 &10 on the short side and both a 100 & 150 EMA Trendlines to as kind of testing levels
It also uses a Bollinger Band of 100 on the hl2 source instead of closing price
It also features an RSI of BOTH 10 and 100 EMA lines and a stochastic of K 14 D 3 and Smooth of 1
Using both the RSI and Stochastic can determine whena ...
