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DislikedOnce again, US data coming in mostly bad, yet the EUR/USD goes down.... strange indeed.Ignored
DislikedMy Theory Based on Daily Folks, I was looking at this chart and thought to myself what if we just assume Covid-19 never happened? So I dimmed that part out and what was left is the last bearish drop from the beginnings of 2020.. Now if you measure how much price rose up for correction you will see that we actually arrived at fib 78.6 area.. that makes me think that this bull move might be over here around 1.1145/50.. Just food for thoughts.. Maybe it gives some useful ideas to our members here.. Stay Green {image}Ignored
DislikedMy Theory Based on Daily Folks, I was looking at this chart and thought to myself what if we just assume Covid-19 never happened? So I dimmed that part out and what was left is the last bearish drop from the beginnings of 2020.. Now if you measure how much price rose up for correction you will see that we actually arrived at fib 78.6 area.. that makes me think that this bull move might be over here around 1.1145/50.. Just food for thoughts.. Maybe it gives some useful ideas to our members here.. Stay Green {image}Ignored
DislikedMy Theory Based on Daily Folks, I was looking at this chart and thought to myself what if we just assume Covid-19 never happened? So I dimmed that part out and what was left is the last bearish drop from the beginnings of 2020.. Now if you measure how much price rose up for correction you will see that we actually arrived at fib 78.6 area.. that makes me think that this bull move might be over here around 1.1145/50.. Just food for thoughts.. Maybe it gives some useful ideas to our members here.. Stay Green {image}Ignored
Disliked{quote} An interesting theory and well said! Thanks, Ata. Have a great and happy weekend to you and everyone. I have been out from the market with +40 earned by a short from 1.1135 to 1.1095Ignored
Disliked{quote} Thanks. SL is there if it is needed. 1.1030-50 will be tested at some point. Maybe next week. I am ready to wait if my SL holds, moreover I am currently in profit.Ignored