The above graph shows how a trendline and fib retracement can be used to determine the trend of a particular pattern ,thus the coded ideas in the above set up clearly help us to confirm the downtrend in an hour timeline of EURUSD.
The above set up is an analysis of 3hour prediction of downtrend of BTCUSD ,using the fib retracement for confirmation of the trend and supported by trendline strategy .Moreover the counter trendline is having a lower low as marked in my analysis with brush .Therefore the next move will be a downtrend to retest the previous RESISTANT ZONES. ...
