Simple chart analysis EURUSD update.
Updated
Chart is going as predicted. It already went above H. peak and will need to reach more to do the 3 to 4 of fibonacci.
- For a well E.W. structure, point 4 can't touch point 1. If a bearish peak does it, then it will form another wave and much higher.
- I'm expecting that fifth peak will be below 400%. Maybe 338%
Trade active
Trade active
I jumped the first small wave thinking E.W. will not accept it. But following it, makes chart already reach the limit. Knowing this, chart may go short on news, but if I was right from the beginning, chart will go long.
*What do I think?
USD will go long.
*play wise guys.
Trade closed: stop reached
Chart formed an Head and Shoulders pattern and went bearish. It followed the first wave then.
Trade active
I found the E.W. of the recent downtrend. It will go more bearish.
Trade closed manually
By adjusting the fibonacci on 100R, I nottice that chart touched the 300%. Therefore, this trade will be closed manually.
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