ForceFollower
Short

#EURUSD DLY: What can't go up...

FX:EURUSD   Euro Fx/U.S. Dollar
...must go down.
EURUSD             failed to reach the bullish blue median line twice. Then is started to follow the bearish red pitchfork . It broke through the lower MLH's support and it's on its way down. It is likely to reach the dashed line, which marks the size of 'price reaction' extent below the new sloped balance line (being equal to the size of price action' above the balance line).
justatrader PRO
5 months ago
Should see the outer ML on a retest.. I'm looking at 1.120. How are you btw? Long time no see no hear?
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ForceFollower justatrader
5 months ago
Hi, I'm fine, thank you. Still struggling, making mistakes and learning from them.
Yes, a retest of the lower MLH would be a nice confirmation, but there resistance of prior minor low at 1.1133, so we may never see it.
Anyway, bears are in control.
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