JOSE ANGEL ZABALEGUI LABARTA
$EURUSD Analisisciclico’s RIGH NOW PHOTO = TIME TO REACT UP We are now approaching the time for a reaction after quiet trading, please see the 3 image sequence and explanations. IMAGE 1 — The Completed 80-Day Downward Cycle With a high degree of probability, on March 13th the EURUSD formed an 80-day cycle low at around the 1.1410 level, completing a full A-through-H sequence, as shown in this chart. Once this sequence was complete, we can draw an important conclusion: this was a bearish cycle, since the starting point was at a higher price level than the ending point. IMAGE 2 — The New Cycle: Bullish or Bearish? With that in mind, the key question now is whether this new 80-day cycle will develop a bullish or bearish structure. The early signals are not encouraging for bulls: the target for wave A has not been reached. Meanwhile, we appear to be approaching the end of wave B in this new sequence, which still carries a bullish tone for now — with a projected close above its origin. This is a moment of truth, where the market must show us whether the underlying trend of this new 80-day cycle will be up or down. At this stage, both scenarios remain open. IMAGE 3 — Extreme Oversold Signals & Positioning While our cyclical indicators have not yet triggered a formal entry signal, the corrective window is closing and we are seeing extreme oversold readings. I have maintained my long position in anticipation of a strong upside reaction from an expected wave C — which historically tends to be the most powerful and promising wave in the sequence. Best, José ------------------------------------ eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk ::
Not investment advice. The author may have financial interests in the mentioned instruments.
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