In my opinion EUR/USD will take a drop to 0.38, I have been watching eu and I think that the next few days are extremely important, if we start dropping we will probably see momentum towards the 0.382 and maybe even the next fib levels longer term or perhaps eu decides to immediately jump up or hit us with a pullback that will reverse the trend. Who knows? I am...
A lot of scalping opportunities today, I will be buying and selling according to the chart. If it is oversold/bought, I will not buy or sell a breakout. Good luck everyone!
Been waiting for gold to go up for awhile now, following the breakout now is the opportunity to start looking to buy. Everyone should use their own strategy and experience to enter the trade but I personally have already bought. Fibo can't be ignored so be careful! Fibonacci can inverse or slow down the price, but if the price starts making small pullbacks then...
EUR/USD has been extremely bullish for no solid fundamental reason imo, therefore I see that by the end of the year EUR/USD will have made a significant drop. However currently the price hit a major structure box (major s & r levels and a fibo level) so before the big drop I would like to see a move up. Basically the conclusion is that the next few days are going...
Euro dollar will hopefully come down to 0.38 fibo until further bullish momentum, the bulls will hopefully exit now and the market will respect the major support box and therefore come down.
Too much selling pressure imo, hopefully the bears will exit and the bulls will manage to take control for a while.
Looking to buy ETH/USD, big drop should eventually come to an end after which we should see new highs, risky but the possible rewards are surely worth the risk! Remember, be rational! Nothing can go up forever but when it comes to falling anything sure can drop below any logical level.
Major decision area for eu, if we break and retest the channel we might witness an uptrend, if we break the lower timeframe channel we might be seeing a downtrend. I am bullish but the sharp up movement should not continue without a pullback, so if it breaks a channel it might come back up so therefore relying solely on the channels is highly risky currently.
1)Upwards momentum to 50 if we brake the 47 are and also based on the charge of bulls on June 21st so the last week might have been a pullback because we couldn't close below the 0.618 fibo; 2) movement to the lows of 2016 (high twenties) if we manage to keep on creating new lowers lows. Since the consolidation at the start of the year and bearish trend...
many ways this pair could produce momentum