Most of my analyzes are based on chart patterns. Chart patterns for me have good accuracy.
On this currency pair, based on the falling wedge pattern, the price may fall to 44, this target is conservative. Falling Wedge is one of Reversal Patterns. Of course all predictions / patterns can be missed. If you look at the current movement, bearish is so strong, brokeout volume also strong, the possibility to reach the target based on the existing pattern is not impossible.
Note: I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis.
On this currency pair, based on the falling wedge pattern, the price may fall to 44, this target is conservative. Falling Wedge is one of Reversal Patterns. Of course all predictions / patterns can be missed. If you look at the current movement, bearish is so strong, brokeout volume also strong, the possibility to reach the target based on the existing pattern is not impossible.
Note: I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis.
Comment:
This pattern is deviation of falling wedge pattern
Comment:
After I looked back, this pattern has the potential to become a falling wedge continuation. So, it's better to just ignore this idea. Sorry!