EURUSD bearish trend

My elliot wave and price action analysis shows that the price are heading downward.this is due to the rejection from the seller that come after the NFP news last friday. the rejection can be seen at the upper trendline of the correction in higher degree of wave. as we can see the 3 wave pattern was complete and the price was moving down.with base on my analysis, the price will make a correction before continue heads down. we can look the opportunity to sell at the 1.1255.if the candlestick indicate the the price will going down, where there are rejection from the seller.then we going to go short for this profit target will be at 1.11229 where the daily support that i was plotted previously.for short period of profit taking, the target also can be at 1.11725 support area.

 good luck!!


A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.

No comments:

Post a Comment