EURUSD has been in a massive downtrend and it appears we are almost at the bottom. We are currently on the final bearish wave - which is made up of 5 subwaves.
We've recently seen a perfect rejection of the 618 fibonacci and we've started the final bearish push. We've seen subwave 1 and 2. We are currently in subwave 3. Expecting 2 more waves and then a major bullish reversal. EURUSD is inversely correlated with DXY, which has almost finished its bullish cycle. It would be a good idea to keep an eye on certain USD pairs such as Gold for a reversal correlated with EURUSD.
MONTHLY
The monthly chart shows a 5 wave move which has almost completed.
Keep a close eye on this. It's going to be a big one!
We've recently seen a perfect rejection of the 618 fibonacci and we've started the final bearish push. We've seen subwave 1 and 2. We are currently in subwave 3. Expecting 2 more waves and then a major bullish reversal. EURUSD is inversely correlated with DXY, which has almost finished its bullish cycle. It would be a good idea to keep an eye on certain USD pairs such as Gold for a reversal correlated with EURUSD.
MONTHLY
The monthly chart shows a 5 wave move which has almost completed.
Keep a close eye on this. It's going to be a big one!
Trade closed: target reached
Up 1500pips ✅
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.