Well, any good trader will understand what I want to say and why from the chart, I believe it's obvious, but still I will explain it technically then fundamentally.
1- Clear Bullish divergence at daily time frame which I consider a clear reversal or at least it is one of the means that shows that the down momentum is ending.
2- Fibo is already heading...
A real deal, unless a major fundamental circumstance, this is a real deal .
A clear long because:
1- Daily very strong bullish divergence
2- 88.6% fibo which is a very strong reversal (it might test it again)
3- up moving wedge which is giving the momentum
Entry = 0.39
SL = 0.34
TP1 = 0.58
TP2 = 1.86
Very clear sell setup, all details on chart
I rekon Euro zone economy are still in a downfall and there are no fundamental indications to me that euro zone is going to recover soon.
Entry zone as in chart
TP1 = 1.70500
TP2 = 1.68300
Entry zone = (1.74500 - 1.75000)
1- Bearish Bat (4H), However, there is a 1H uptrend divergence, so I predict that it can touch the 27000 to 27300 but again dive back to 25000, so depending on the US-China trade war and depending on the FED. cutting the rates and in what period of time will be the strength of shorting, Hence depending on all of the above I believe that shorting the corrections...