EURUSD - Finally Bullish? Forecast for the next weeks.
Alright so starting with the background color, those comes from a trend analysis algo that tells me if we are at bearish, bullish or reversal.
We just left a reversal(orange) background followed by a green one, bullish, the one we are right now.
This is a proprietary algo that takes price change in consideration, much like the renko technique.
We just watched a bounce on the fibo 0% level, those support and resistance lines are plotted by the auto pivot system.
Right now it's testing a slightly week resistance, and once breached we'll trade the highlighted range.
This is a trade that allows a good snowballing, no matter the size of your position considering asset and timeframe.
We had already a bullish warning and the bullish Specter Cloud briefly before the warning, another bullish indicator.
The Specter Cloud predicts that the price should go back and touch 1.188 level again.
So things are looking good for Europe :)
If you want to check out the indicator that I used: hypester.org/spectro-indicator/
We just left a reversal(orange) background followed by a green one, bullish, the one we are right now.
This is a proprietary algo that takes price change in consideration, much like the renko technique.
We just watched a bounce on the fibo 0% level, those support and resistance lines are plotted by the auto pivot system.
Right now it's testing a slightly week resistance, and once breached we'll trade the highlighted range.
This is a trade that allows a good snowballing, no matter the size of your position considering asset and timeframe.
We had already a bullish warning and the bullish Specter Cloud briefly before the warning, another bullish indicator.
The Specter Cloud predicts that the price should go back and touch 1.188 level again.
So things are looking good for Europe :)
If you want to check out the indicator that I used: hypester.org/spectro-indicator/