ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal...
EURUSD projection UPDATE - we have completed 1 cycle of 15 min or 1 level of 1 hour cycle (now going to 15 min 2-3 levels to the downside) which will be the retrace level 1 of 1 hour cycle then continuation to the upside for level 2 (1 hour)
EURUSD has taken a support near 1.1700 zone a 78% fibonacci zone of the previous rise. As per the current structure one should go long near 1.17300 keeping SL of 1.17000 and look for the upside target of 1.19300 in upcoming days.
W pattern forming (Potential 15 min mark up cycle for level 2 of 1 hour cycle)
we already got 3 levels of that previous M pattern that I projected
not its time for level 2
God is anyone watching the level of accuracy of EURUSD projections?
1 hour cycle W = 1 mark up phase + 1 mark down phase of 15 min cycles
so according to 15 min cycle (3 days drop mon tues early wed) then reversal at W then we will get mark up phase in 15 min which will break 1 hour W for mark up phase in 1 hours
and we got 3 drop and today is Wednesday!
so according to the 1 H and 15 min cycles this is the last lvl 3 drop and...
Lately EURUSD made downward impulsive move and now is ready for pullback 📈
Things to consider:
1. Daily impulse and correction pattern spotted
2. Retracement started and target is 0.382 on Fibonacci
3. COT data shows that hedge funds have been longing EUR so it will rise for sometime now!
How to enter:
1. Study the chart as shown in my analysis
2. Enter when the...