nmike

EURO / US channel cloning update

Long
FX:EURUSD   Euro / U.S. Dollar
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6
if current up trend continues and price stays inside reference channel 2 the near term target is the top boundary of reference channel 2. Otherwise just follow the channel boundaries.

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At the time of publishing this idea the EURO was on a steady climb, but instead of continuing up it broke the dashed blue support line and you see what happened next, it broke two channel boundaries and it stopped going down almost exactly at the bottom of a CLONED channel.
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>>> look to the CCI for clues as to which line will be broken next....
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>>> be ready...might have to add another clone below the bottom grey channel....
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...weekly...
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I'll keep this chart on my radar... very good work here
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