raffetali2016

raffetali2016

Hi Friends, In my last week analysis, I talked about EURUSD trying to find a strong support at 1.08900 (which is a 50% Fib. Retracement level of a prev. bullish trend from 1.0635 to 1.11477). However, the market had another idea and went down to: 1.08300 as a strong support to lean on (which is a 61.8% Fib. Retracement level). So, in my opinion this zone between...

raffetali2016

Hello Friends, (A) ON THE BULLISH SIDE | Scenario One As buyers took profit on Friday at 1.0950, they are trying to come back using a good strong support zone level at: 1.0896 - 1.0884. Why? Because, at this zone you can easily see: 1- A very strong (very important) weekly level (now it's a support) at: 1.08900 2- Exactly at the same level, there is a 50% Fib....

raffetali2016

Wave C about to reach 100% of wave A, or 0.618 of the main impulsive wave, then a new 12345 impulsive wave is about to begin.