Hi Boss,
It seems the ABC spotted on the 4hr chart is playing out given the current price action of EURUSD.
I'm still holding my long positions though.
I don't know why I feel you are being biased in your EURUSD analysis, or maybe I may be wrong though. However, it seems you overlook the ABC pattern (LL - HH - HL pattern spot on the attached image) formed on the 4hrs chart which actually support the current upward move of the EURUSD pair and...
I still believe that further correction to the downside is still possible before an upward continuation. If price respects the 61.8% Fibo level, then we can expect a move to 29.3k (which would be OP target for a bigger ABC pattern on the 4hr chart).
Nice video explanation of BTC price action. You're doing a great Job! I'm also giving a feedback on your lesson on Pivot Point techniques to trading: I have been applying this lesson to trade BTC, and result has been wonderful.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.