We gapped under very important weekly level, than we retested that level and didnt close the gap. We can see very clean downside target and also I put another target level based on triangle range. Will see.
Based on fundamental analysis, I'm waiting EURUSD to 1,08 and keep shorting it for last 5 months.
Waiting up move to 50% fib and that continie go down. Looking up for price action confirmation and take short position.
1. Broke first weekly resistance zone
2. Strong move up to another weekly zone
3. Consolidation and downside move
4. Expecting continue downside move to first weekly zone, maybe move to 31,8 fib
5. Waiting for price action confirmation and take a long
We have to see price action confirmation first, than take a long position.
In case we will have strong short...
1. Hit weekly resistance zone
2. 8-9 days of consolidation
3. Strong move down side
4. Retest of weekly resistance zone
5. Continiue to move down side
I can clearly see weekly support zone from 109.900 to 109.700, also on dayli chart we can see strong pin bar, so i would say that our first target is 110.500, second target is 110.020. Weekly first target is...