XAGEUR moving exactly as in the forecast. Correction will soon come in the end and the next impulse up will start. If you did money in the down side that's great! Congratulations!
Let's start preparing for the upside, i will watch it and update when i forecast the up movement is going to start.
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XAGEUR is going to correct at least 38% of the impulse movement and then i will watch smaller timeframes for a breakout to the top.
There is a HIGH PROBABILITY for one more up movement BEFORE a deeper correction.
Yesterday i forgot to post it, you can still trade it. Potential is really good, but it will take time to work. We have Weekly Divergence working out which just started last week!
XAGUSD & XAGEUR both have a great probability of giving us great trades. Generally i do not trade them, but this year they will be great.
Thank you!
The decline here was not too strong, price is finding support at the 0.61 fib level, we see also:
- bullish hidden divergence
- short term support
- stochs recovered from oversold levels
- convergence (we have already a higher high)
Best regards
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This is just and idea,...
