Hello everyone!
Following recent fall in global stock markets, if the downtrend continues,
EU50EUR will likely form the bullish blue wave.
As a possible confirmation for current continuous downtrend, minor yellow wave is being formed.
However, even if it doesn't succeed and the price reaches 349x-35xx support area, this will provide an interesting opportunity to go long anyway.
Good luck and profitable trading!
Following recent fall in global stock markets, if the downtrend continues,
EU50EUR will likely form the bullish blue wave.As a possible confirmation for current continuous downtrend, minor yellow wave is being formed.
However, even if it doesn't succeed and the price reaches 349x-35xx support area, this will provide an interesting opportunity to go long anyway.
Good luck and profitable trading!
Note
The situation is developing as intended. Yellow minor wave is no more, but the major blue bullish project is definitely working for now.Looking forward opening longs when reaching point V/Sweet zone/forming peak and price showing clear signs of reversal.
Note
*Blue wave and possible targets have been adjusted according to the current situation.Order cancelled
The price never formed point 5 and went directly to TP, thus no opportunity was presented to go long and no positions were opened.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.