There are 2 most possible setups for EURUSD trade in daily timeframe according to fibo levels.
first scenario is sell after falling under the oriented trendline after valid descending engulfing(or your favourite signal),
and the second scenario is buy trade if the price breaks up the fibo level(0.236) plus valid ascending engulfing (or your favourite signal),
the...
According to current uptrend seen in the BTCUSD chart we can predict an uprising in price after a short retracement.the important prices are shown att picture.
The most possibility belongs to uptrend so soon and next to the upper level of fibo then a pullback to the lower level and in the final step it will fly to the same distance as the previous uptrend line.the prices are spotted on the chart.
The basic trend is uptrend but in 2 ways it will be firstly downward then upward and in 1 way shows reaction to the oriented trendline then goesup.the level lines are spotted at the chart.
in a high possibility shibainu will fall to the specific area of fibo in the chart and then will rise to the previous historical high in the last week.
If a bullish candle closes above the middle blue line , according to exiting the trendlines and confirmation by emas we can enter a buy order.the sl and tp is shown on the chart.
