EU
Weekly outlook for Major Forex Pairs Hi there!
This is my own view on for the upcoming week for most of the major pairs.
DXY looks bearish, so im looking to short USD and bullish on other pairs.
---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
EURUSD overdue for price reversal to upsideSimilar to GBPUSD, according to the latest COT report by CFTC on 2nd November 2021, hedge funds have added LONG positions to EURUSD.
Descending wedge will likely break upwards to at least the 0.65~0.618 Fibonacci ratios.
The Fisher transform and FSVZO momentum oscillators also indicate a shift in momentum to the upside.
Do not listen to scammers on Youtube suggesting otherwise.
EURUSD - Live Weekly Elliott plotAs per plotting of the Weekly in Advanced Get - we will update these ideas & with daily plots.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.