Once again my expectancy for the EURUSD remains bearish. Downside target should be reched either on 23 or April or 13th of May.
Комментарии
CryptoPAMM
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The main thing here is the trendline, well the actual breakout of it. The idea is that market will travel down the same distance from the breaking point down (in our case ) as from the high to the breaking point. So that target is marked as support and it has been taken out, so the downside target is now double of the original. Fib cycles help with the timing
girolamoaloe
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uhmm... it is clear a part 1 thing.. Why you think that the distance from the bottom should be the same, then double of the original? what is the reason of this detail? .... if it becomes clear, everything in your chart becomes clear for me.
CryptoPAMM
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I don't think its based on statistical probability
girolamoaloe
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Another thing .... what are the Fibonacci Cycles? ... I know just the Fibonacci Retracements.
HiTech, your idea is interesting. We had supply coming in the EURUSD on Friday 17th. If this supply manages to overcome the demand at this levels. It could lead to a down move like the one you suggest. Take a look at my analysis of supply and demand:
CryptoPAMM
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Thanks for sharing, saw that already, lets wait monday... I already had my confirmation for a short
girolamoaloe
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I mean, can you share with you more details and what gives to you this idea?
girolamoaloe
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**can you share with us. ....
I am trying to understand what are the points that let you think that the bearish bias can move the price so deep again.... and why you want consider it still bearish.