EURUSD simple analysis: resistance zone
Aktualisiert
A minor Elliot Wave finishes. Waiting for bearish E.W. to form.
- Awaiting retest on boxes.
- USD will weak it's power so USDCAD will probably show strong bullish movement.
Trade ist aktiv
SL has been moved to 400% fibo. zone for better resistance wall.
Anmerkung
The red doji candlestick on H4 t.f. will work as volume atraction meaning that chart will reach both peaks. Going high first will tell that LL will be second.Trade geschlossen: Stop wurde erreicht
Jump into conclusion that USD will loose power because I saw that BTCUSD was going bearish, but instead, it was only BTC gaining power over USD even when it was still strong.
EURUSD has finished a set of ae. waves but since it's unclear, I'll stay aside of this one.
Trade wise 👍 think cold.
Anmerkung
Going bearish for now. Waiting for box retest or even pass it and reach volume correction of red doji candlestick.
Trade wise 👍 👋.
Anmerkung
The recent big red candle gives the perception that USD will keep becoming more weaker for the rest of the week. But in wednesdays market volatility happen to change drastically, meaning that on thursday (D1), bullish candle should appear. If so, then friday would finish bearish giving the monday of the next week a bullish scenario.
For now, this is a simple plan. Goal would be the lowest box, and retest should happen in higher box.
Trade wise 👍.
Trade ist aktiv
Wasn't expecting such scenario where chart went more bearish and then bullish trend breaks upper box. Probably was because of the divergence caused with the previous E wave of midday waves. Well, the more things I know the more I learn. Right now, a simple divergence happen on waves B and C.
USD got stronger all of the sudden but it was part of the plan that it would become strong. Now a great bearish move should happen for volume correction. In this phase, high volatility may happen.
Trade wise 👍.
Trade geschlossen: Ziel wurde erreicht
Prediction was successful. H4 t.f. shows that candle haves high chance to be bearish.
I'll wait for a bullish scenario on H4. Still, can happen in a few more candles.
Trade wise 👍.
Trade geschlossen: Ziel wurde erreicht
A hit qnd bounce has been made in H1 t.f. . For safety, I'll take profit.
Today is friday, day that stablish direction for monday. Following midday waves, in combination with USD strength, it should finish with a bearish trend while staying in a bullish state.
Trade wise 👍.
Anmerkung
End of week finished bearish. Prediction was successful.
👍 wise trade.
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