EURUSD : Post Brexit Shock. Reaching Parity with $$
Diupdate
EURO is doing huge bear flag and might break down on longer cycle.
We are in corrective structure making flag making D wave. Apparently, given more chaos and currency price wars we can slid down to a parity as 1$ -1euro. though we have chance to bounce back and make E and then drop down.
For Near Short term, it might make flag after that break of trendline before hitting the bottom for completing D.
I would suggest you to ride the waves and bounces.
Enjoy the trading.
ps. arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
We are in corrective structure making flag making D wave. Apparently, given more chaos and currency price wars we can slid down to a parity as 1$ -1euro. though we have chance to bounce back and make E and then drop down.
For Near Short term, it might make flag after that break of trendline before hitting the bottom for completing D.
I would suggest you to ride the waves and bounces.
Enjoy the trading.
ps. arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
Catatan
gave up all daily gains !Catatan
Back to Square One. let's see how it holds up all weekly gains under US Election turmoil.Catatan
hmmCatatan
Look for buy setups now. DXy might have topping pattern.Catatan
Bounce from the TL at D. lets if it can continue correction upsideCatatan
Near term it looks upsideCatatan
MOnthly ChartTrading ditutup: target tercapai
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