About meI'm mid and long term trend follower by analysing several timeframe simultanously as described by Alxender Elder.I'm using chart analyse,Elliot waves ,harmonic patterns ,Anfrews' Pitchfork,Gann and Fibo tools for Entry,SL and TP.
EU is on strong weekly support where it reverse trend on last march and novembre.
Will it bounce again for the 3rd time?
Weekly Doji on supports ==> Do bulls want to control ?
Light bull devergence on MACD
Entry on next candle
SL under Doji Low
Target upper trend
Since sept '15 usdtry is in wave IV(red count) which could be :
1)Flat IV sub-waves ABC has been finished then bullish wave(3) is expected (black count).
2)Triangle IV sub-waves ABCDE has been finished then bullish wave-3 expected (blue count).
3)Flat IV as Double three WXYXZ then bearish sub-wave Z is going on ...