After a pull-back in most of the crypto markets, we are now eying up another entry signal for us to capitalise on for a high probability trade. ETC has retraced deep back into the territory of wave (1), around 76% of the total move, which provides us a very attractive area for entry. There is also support at this level from the long term support line. During the...
Been trading and tracking this one for some time. Very choppy waters with 100 pip+ swings as per usual with anything JPY related.....
Anyway, I am still waiting a good breakout and price to take on for a big monster move further down.
Key eco reports due the rest of this week should be the spark we need for it.
All I really need to see is that angled support bar...
Euro like other pairs is moving sideways, and price may still go up temporarily, revisiting 1.1185 or maybe reaching 1.1230 before going down.
But if EURUSD manages to break below its corrective channel, chances are, bears are back again.
We all would love to be able to call the top. I have been burnt to the tune of 25k or so the last few days trying to short a "top".
Fact is after much further chatting and some back to basics trend analysis over the Long Mid and Short term as of right here and now today the signals are strong bullish and for LONG.
So that is what I am doing. Hoping for this...
