EUR/USD : My idea
So... i will now show why i think that in the next weeks, EUR USD is short.
Look first all the daily chart:
We can note that, the yellow impulse is stopped by the rectangle resistance, that pushed down the price during 2018. Next, we have a complete impulse and it needs to be corrected by a corrective pattern. And... we can observe a divergence in macd at the end of the pattern.
Now look the hour chart:
We can better observe the divergence in macd. So, we have a third wave that is 2.618 of wave 1, a complete motive pattern and this needs to be corrected. I can confirm this correction with the upper resistance.
Conclusion:
I expect weeks of short market
Look first all the daily chart:
We can note that, the yellow impulse is stopped by the rectangle resistance, that pushed down the price during 2018. Next, we have a complete impulse and it needs to be corrected by a corrective pattern. And... we can observe a divergence in macd at the end of the pattern.
Now look the hour chart:
We can better observe the divergence in macd. So, we have a third wave that is 2.618 of wave 1, a complete motive pattern and this needs to be corrected. I can confirm this correction with the upper resistance.
Conclusion:
I expect weeks of short market
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.