EURUSD Golden Cross on H4 Chart and Bears Steps

Tried to explain everything on the chart.
GOLDEN CROSS EMA 50, EMA 100 EMA 200

Kommentera:

Reached 1.22550
Bears on the steps.

Kommentera:

Price tested 1.23300 resistance and fell down as predicted.
1.23300 remains as the main resistance and the price will remain under bearish pressure as long as it stays below it.
Bullish Bat would be completed @1.21860.
As we mentioned in our GOLD forecast, we will have difficult trading days until FED statement.
Wouldn't be surprising to test 1.21900.

Kommentera:

Gold Forecast

Kommentera:

Price is testing the Fibonacci Retracement 61.8% 1.22650.

Break below 1.22650 may lead the price 1.22150 – Fibo 78.6 – and 1.21900 -Fibo 88.6 –

First Resistance is at 1.23330. And the bearish bias will remain as long as the price holds below this level.