{quote} Yearly 50% fib retracements are being tested all over the show crypto and forex. I this this merely a coincidence or is this intentional? Looking forward to that Xmas bonusCheers
Current Distance this quarter is 516 pips of expected minimum 600 pips, current Distance this month is 151 pips of expected minimum 450 pips.
Looking at the Daily RSI reading 23 (extremely oversold) and 80% of the expected minimum distance is already done it is safe to be bullish biased now.
In my previous post I recommended buy 1 at 1.3060 area and buy 2 at 1.2960 area which I'm still sticking to firmly for a now revised target of 1.3350.
Simulations below
1.2960 (projected buy 2) + 450 pips (expected minimum distance) = 1.3410
Current quarter high of 1.3527 minus minimum expected quarter distance of 600 pips = 1.2927 and with just one third of the quarter and 80% of the distance already done, there is enough time for bulls to change the trajectory to end the year aggressively bullish.
Please there is no obligation to follow this post, this is just my research excerpt.
Data + Stat + Risk/Emotions Management
{image}
