A simple setup, we have a nice trendline resistance holding price at the 0.7860 fib retracement. My long term bias is short here (and long the EURUSD). This setup can give as a clue about the next movement on EURUSD. According to Hurst Cycle Analisis today is a BIG day, the USD will start a long term decline that will last hole next month. I dont know for sure. Lets see, i will not trade this setup because im already trading other USD related pairs. I will come back to this chart in a month. Best Regards.
Kommentare
Xiaoyi419
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Dear sir,many thanks for your sharing, it's great and teached me a lot.
But i was confused that sometimes you analyzed by wave count and I have not learnt Elliott. Is the wave theory paramount? Is it required if I want to study your trading mathod?
Thanks again for your suggestion!Regards!
But i was confused that sometimes you analyzed by wave count and I have not learnt Elliott. Is the wave theory paramount? Is it required if I want to study your trading mathod?
Thanks again for your suggestion!Regards!