Good opportunites against the USD next days. This is another one. Right now price is in free fall but should begin a correction soon.
I have many reasons to expect a correction near 1.5000 level, lets show them separately to have clean charts.
First, on this chart we have a perfect bullish butterfly near completion. Looking to the left we have a strong structure near the round level 1.500 and the butterfly completion level.
Second, using channeling technique we have the middle of base channel where we could expect some reaction:
Third, we have a previous head and shoulders pattern wich target is reached near 1.5000
Fourth, according to EW count the previous wave 4 could offer a support near 1.5000
Thats all! IF price gets to that area i will be there for sure.
Regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
I have many reasons to expect a correction near 1.5000 level, lets show them separately to have clean charts.
First, on this chart we have a perfect bullish butterfly near completion. Looking to the left we have a strong structure near the round level 1.500 and the butterfly completion level.
Second, using channeling technique we have the middle of base channel where we could expect some reaction:
Third, we have a previous head and shoulders pattern wich target is reached near 1.5000
Fourth, according to EW count the previous wave 4 could offer a support near 1.5000
Thats all! IF price gets to that area i will be there for sure.
Regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).