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KlejdiCuni
May 26, 2022 7:22 AM

EURUSD | Will the price increase or will it be corrected again? 

OANDA:EURUSD1D
EUR/USDOANDA

Description

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Will the price increase or will it be corrected again?
EURUSD | Descending Channel

Since the beginning of February-22, the price is developing within a " Descending Channel".

Actually, the price is close to the upper line of the pattern.

The price can make some up and downs with very low volume until it will reach the pattern.

The problem is that the bearish trend is still very strong and it can move the price lower
again in the coming days.

This is one of the reasons why the price is showing so many scenarios right now.

So in my opinion we should be careful when trading EURUSD as it is getting tricky.

So you just need to choose if you want to buy or sell EURUSD and you should calculate your risk in advance.


Thank you and Good Luck!
Chart PatternsWave AnalysisBeyond Technical Analysis
Comments
TradingBonus
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Very nice pattern, agree with you.
CobraVanguard
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fantastic brother!
FOREXN1
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Great Analysis :) we are Short also here mate !
HectorW
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of course it will either go up or down at 0800... but which way????
and it may or may not hit 0800....current price 0756
yonsfx
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Appreciate it cuni
YMGroup
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Very nice work, I also have the same opinion
Solldy
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Not the easiest setup to trade. It isn't entirely clear what the plan is in case of a different scenario. Do you have any thoughts on this?
KlejdiCuni
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@Solldy, Yes it is not clear at all as development. I am still waiting for a better signal in the sell or buy side.
HAMED_AZ
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Great analysis...thank you for sharing
RLinda
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Nice job. Keep it up)
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