eurusd short The following text contains the reasons for the fal
Eurusd It is declining until it creates a positive divergence.
Also, when wave b is shallow from 1, it is not possible for wave 2 to be shallow
its Harmonic Eliot Waves
So the reasons for the fall:
1- Creating bullish divergence in 4-hour timeframe.
2-Harmonic Eliot Waves says we need a deeper correction
3-Classically, the uptrend occurred with the weekly resistance and also the uptrend line was broken. Therefore, the most reliable support that can prevent the fall is the weekly support, in the range 1.18800-1.18500
4-The last candle of the day cast a long shadow on its high resistance , Which indicates a failed test to climb as well as a failure to start the ascent
If you agree with me and it was useful to you, do not forget to like and support. Good luck
Also, when wave b is shallow from 1, it is not possible for wave 2 to be shallow
its Harmonic Eliot Waves
So the reasons for the fall:
1- Creating bullish divergence in 4-hour timeframe.
2-Harmonic Eliot Waves says we need a deeper correction
3-Classically, the uptrend occurred with the weekly resistance and also the uptrend line was broken. Therefore, the most reliable support that can prevent the fall is the weekly support, in the range 1.18800-1.18500
4-The last candle of the day cast a long shadow on its high resistance , Which indicates a failed test to climb as well as a failure to start the ascent
If you agree with me and it was useful to you, do not forget to like and support. Good luck
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