ForceFollower
Long

Just another bubble in the making

FX:EURUSD   Euro Fx/U.S. Dollar
283 2 2
Looking to go long at the retracement and then take profit at 1.35000. I expect the up trend to weaken as measured by the light blue fork . The stacked downsloping channels indicate the probable extent of this leg of the up trend. The bubbles just try to capture the range of temporary price action, mostly corrective, but recently also trending. The one in the making may be the ending diagonal .
Thank you, I appreciate it. I was having a good time drawing those bubbles. It's good to use your imagination when analyzing a chart. We're usually more creative than we think we are. What matters more though is figuring out the direction - and I think it's the hardest thing of all.
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