Warning this is a EURUSD analysis.
I am going to get a lot of people disagreeing with me, but yea i have my risk reward set and ready to give this a go.
with all this noise i decided to zoom out to look at higher time frames to see whats going on.....
this is what i see. proper rejection of the 61.8% fibo retracement level turned resistance last month.
expecting the high timeframe bearish EURUSD wave to complete where it has always completed... at the 200SMA on the Monthly chart. which is positioned around 1.2220 atm.
I am going to get a lot of people disagreeing with me, but yea i have my risk reward set and ready to give this a go.
with all this noise i decided to zoom out to look at higher time frames to see whats going on.....
this is what i see. proper rejection of the 61.8% fibo retracement level turned resistance last month.
expecting the high timeframe bearish EURUSD wave to complete where it has always completed... at the 200SMA on the Monthly chart. which is positioned around 1.2220 atm.
We live in a finite world with infinite possibilities.