Hello Traders,
In my previous analysis which I forecasted the ceiling in EUR/USD (H1) correctly, I defined the next time cycles (two vertical lines) in advance. Here is the link to my previous analysis:
Price will reach to that time cycle zone in the next few hours. My view is that if price continues downward and makes a lowest low when reaches to the time cycle zone, then there is high probability of trend reversal and price will turn up by the time cycle zone for the next day or two (consider that analysis is based on H1 timeframe).
Another scenario is that when price reaches to that time cycle zone is already up and makes a swing top in the time cycle zone, then there is possibility of downward continuation and I will update the analysis. But my main focus for this analysis is to go long if the price is in the lowest low when reaches to the time cycle zone. Consider that this analysis is based on time only and there is a possibility of very wide range of price movements.
Good luck.
In my previous analysis which I forecasted the ceiling in EUR/USD (H1) correctly, I defined the next time cycles (two vertical lines) in advance. Here is the link to my previous analysis:
Price will reach to that time cycle zone in the next few hours. My view is that if price continues downward and makes a lowest low when reaches to the time cycle zone, then there is high probability of trend reversal and price will turn up by the time cycle zone for the next day or two (consider that analysis is based on H1 timeframe).
Another scenario is that when price reaches to that time cycle zone is already up and makes a swing top in the time cycle zone, then there is possibility of downward continuation and I will update the analysis. But my main focus for this analysis is to go long if the price is in the lowest low when reaches to the time cycle zone. Consider that this analysis is based on time only and there is a possibility of very wide range of price movements.
Good luck.