Hello, everyone, and first i would like to congratulation to people who took the trade for long on eurusd, here is my plan for next few days, first I will want to close my long position at around 1.2095-1.21 as per chart you can see that this levels worked as strong support which may now become reistance. Also I would like to point that in the same place is 61.8 fibonnaci level which as most of people know is well respected on markets. Also after last formation we were able to add another important levels which are 1.18250 - 1.18100 where 61.8 fibonnaci and 1.61 fibonnaci levels are located (61.8 is from W1 and 1.61 is from last wave). I would like to point that this combination of 2 fibonnaci levels is one of the strongest when it comes to fibonnaci analysis. If you still reading I want to mention that wave analysis and volumen points to futher downside (volumen is really low, no buyers yet) and from wave analysis we have complited 5 waves to the upside so I would expect ABC formation to the downside which should be bigger than OneToOne which we have seen.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
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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.