Let’s start analyze the chart of EUR/USD in 2hrs.
We can find the Big Wave’s one bottom. And it needs at least one more bottom for turning around in 2hrs chart.
But there is double bottom in the Medium Wave. It means that eur/usd can reach the 60ma(yellow thick moving average line)
To recap this. If EUR/USD will go upward highly, it needs double bottom of the Big Wave in 2hrs chart. Until we find out it, we shouldn’t buy it.
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