if broke these FIBO line, can go strong on a short position?
nop too much support still a bull trend
green arrows are good long enters if you are not in a long trade yet i believe the price will ride that retracement level so get the next time it hits the support
In my opinion, we will have a strong resistance around 1.37200.....if we have a break on that, strong bullish trend.......if not, should strongly falls on a bearish trend
after this lateral trend, will we have a bullish trend?
forex.....bearish trend stills on???
Blue=Buy, Red=Stop loss, Gold=Take Profit
only thing i do not like is that it is only a 38.2% retracement... any feedback is welcome and appreciated
ok got to my sell line time to make a trade
Blue= sell, Red=stop loss, Gold= take profit
so with the new low the Elliot Wave Theory goes out the window still do not understand that one... so the fibo fan seems to give a good trade start look for the price to hit 61.8 line to start a sell
SupaMonkey you are wrong in many different levels. Most of traders loose money apply to everything, fundamental traders, technical, EA-s, etc.
Be rest assure, good Elliott Wave traders make money.
so any of you use Elliot Wave Theory?