EURGBP 1D
What's up folks?
As you can see, a complicated analysis of these valuable currencies but I will explain what my main aim is.
I personally reckon that there will be a potential decrease at 0.786 (Feb Ret) and after that a significant boom.
Another interpretation: a possible slump at 1 (Feb Ret), but not exactly at 1 (could be at 0.80 or 0.90).
Why do I see it that way?
IfI take a close look at my "Zone", I recognize well-known patterns that can help me decide whether I can go "Short" or "Long".
Patterns: Double Tops and Double Bottoms.
A potential scenario is that a "Double Bottom" may take place in the future. Therefore, the market will go LONG.
With that being said, you have two possible "Entries":
1- From 0.87414 to your green and/of red arrow (first entry which is "lucrative" but not that much)
2- Wait till one of these arrows forms a "Double Bottom" and Take Profit at 0.88994 (0.382 Feb Ret, as the price always falls right there)
Share your opinions with me
As you can see, a complicated analysis of these valuable currencies but I will explain what my main aim is.
I personally reckon that there will be a potential decrease at 0.786 (Feb Ret) and after that a significant boom.
Another interpretation: a possible slump at 1 (Feb Ret), but not exactly at 1 (could be at 0.80 or 0.90).
Why do I see it that way?
IfI take a close look at my "Zone", I recognize well-known patterns that can help me decide whether I can go "Short" or "Long".
Patterns: Double Tops and Double Bottoms.
A potential scenario is that a "Double Bottom" may take place in the future. Therefore, the market will go LONG.
With that being said, you have two possible "Entries":
1- From 0.87414 to your green and/of red arrow (first entry which is "lucrative" but not that much)
2- Wait till one of these arrows forms a "Double Bottom" and Take Profit at 0.88994 (0.382 Feb Ret, as the price always falls right there)
Share your opinions with me
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