EUR/USD preparing a long term bearish trend.
Technicals:
* Long term channel on weekly has been met.
* Completed a 5 wave structure with a Expanded flat retracement of the recent impulse.
* Double top confirmation that we will not break that price level.
* Weekly indicators showing extreme over bought conditions.
Fundamentals:
*The USD is projected to be stronger this year by financial institutions.
*The USDX just finished a long term down trend and retracement.
Plan of attack:
* Wait for the stoch/rsi indicator to be overbought.
* The yellow boxes i have on my part are fibonacci confluence zones and possible reversal points to look out for.
Be patient, and make some cash!
* Long term channel on weekly has been met.
* Completed a 5 wave structure with a Expanded flat retracement of the recent impulse.
* Double top confirmation that we will not break that price level.
* Weekly indicators showing extreme over bought conditions.
Fundamentals:
*The USD is projected to be stronger this year by financial institutions.
*The USDX just finished a long term down trend and retracement.
Plan of attack:
* Wait for the stoch/rsi indicator to be overbought.
* The yellow boxes i have on my part are fibonacci confluence zones and possible reversal points to look out for.
Be patient, and make some cash!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.