SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Unlike the antifragile Bitcoin the fragile global big bank of Italy UniCredit is trading in a decending tiangle. Will the monthly 9 on the TD save it or will it go to its DOOM? Europe in deep crisis?
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💡 UCG technically based idea, we can see price is bounce from top trend line, technically indicators showing we can expect higher...
Possible bearish week once the price tests the upper line of the triangular formation. Risky trade given that we are almost at the end of the formation, it could be unstable so I recommend using a very tight stop loss
Another bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service.
UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to...
The 12.800 has being retested and with very little volumes going to that direction.
There's the potential for a sell-off. The ratio reward/risk it's pretty high since we are close to 12.800 and a good stop loss would be 12.900 - 13.000, while it could go down for much more.
The ATR's second ATR axis became flatter. Probably, this exchange rate axis may be the wave of the next wave motion wave. As shown. I assume the construction of the double wave structure is further. The target price is 14.31 usd.
Arrows and circles show the most significative areas of fighting btw sellers and buyers.
In my opinion there is a main down-trend with 2 abcd's in formation. The idea will be confirmed if the price breaks the 12.3€.
