This is my forecast of EURUSD for this year. In 1w chart the main trend is down but, in the first months it will be in a retracement movement until 70% fibonacci zone. Right there, we can find the 50% of a big bearish candle were apparently is Smart Money. Also we can find a wick with liquidity that has not been taken. Then, the price could start the last Elliott Wave movement and go down looking for a new liquidity zone that could coincide with the -27% fibonacci level.
This is NOT a financial advise, if you are going to use this analysis to invest, do it at your own risk. (sorry if I make mistakes while typing, I'm a Spanish speaker and I'm trying to improve my English)
This is NOT a financial advise, if you are going to use this analysis to invest, do it at your own risk. (sorry if I make mistakes while typing, I'm a Spanish speaker and I'm trying to improve my English)