Hello guys, in this technical analysis, I see that EUR/USD it's show us a possible reversin of the trend, in that case is bullish. So, it's very important to us to understood that. Now, In H1 timeframe, we see a possible formation of elliot waves ABC to later to change the microtrend in H1 timeframe. This is my elliot waves analysis
But, remember that in H4 timeframe we are into the soulder head shoulder inverted and the setniment are bullish. Also, lets me see too taht we are into a bearish channel in this updated what I do. There are a possible reversion of the trend in H4 timeframe to change the trend!!! So, it's very important to stay alert!!!!
An also, if you noticed down. In the MACD indicator there are a cotraction of supply zone and so, soon the bullers are cooming up.
And also, there will be cautions when institutinals make a manipulation of the zone, there are a highly possibility that institutionals do to entry in short to them believe to everyone continue in sell off and later going to up the price keep on the markets.
But, remember that in H4 timeframe we are into the soulder head shoulder inverted and the setniment are bullish. Also, lets me see too taht we are into a bearish channel in this updated what I do. There are a possible reversion of the trend in H4 timeframe to change the trend!!! So, it's very important to stay alert!!!!
An also, if you noticed down. In the MACD indicator there are a cotraction of supply zone and so, soon the bullers are cooming up.
And also, there will be cautions when institutinals make a manipulation of the zone, there are a highly possibility that institutionals do to entry in short to them believe to everyone continue in sell off and later going to up the price keep on the markets.
Trade closed manually
At the moment, we continue in sell, the shoulder head shoulder has invalided, and maybe the price it's want to get us a chartist pattern of double bottom
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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.