EURUSD - Big Crash is coming...
Hey Traders,
We are still working with this complex zigzag pattern (5-3-5). We are currently in wave C = 5 waves. We have made the first impulse down ( subwave 1 ) and now correcting ( subwave 2 ). Expecting subwave 3 this week. Price has already retraced to 70% Fibonacci levels. This means we should start preparing ourselves for the reversal. We have marked our sell zone between 0.705 fib and 0.786 fib that lines up with the channel's resistance.
EURUSD 1H - Jumping down to lower timeframes, we can see divergence using the MACD indicator. Divergence = Reversal soon.
SHORT Setup:
- Wait for break of ascending trendline on 1H
- Stoploss: Above channel's resistance or above the highs after you enter
- Targets: 1.060 and 1.050
Good Luck and Trade Safe!
We are still working with this complex zigzag pattern (5-3-5). We are currently in wave C = 5 waves. We have made the first impulse down ( subwave 1 ) and now correcting ( subwave 2 ). Expecting subwave 3 this week. Price has already retraced to 70% Fibonacci levels. This means we should start preparing ourselves for the reversal. We have marked our sell zone between 0.705 fib and 0.786 fib that lines up with the channel's resistance.
EURUSD 1H - Jumping down to lower timeframes, we can see divergence using the MACD indicator. Divergence = Reversal soon.
SHORT Setup:
- Wait for break of ascending trendline on 1H
- Stoploss: Above channel's resistance or above the highs after you enter
- Targets: 1.060 and 1.050
Good Luck and Trade Safe!
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