I believe that for the moment the signals are clear, bears won. A confirmation would come with a close below the line of the Rising Wedge.
Guys I am doing a survey on some general stuff regarding trading. I did not find, so I am willing to invest some time in making some statistics which will help amateurs what is important for a trader to do. Please help me by completing this survey, it will only take you 5 minutes. You don't have to put in your name so please answer as honest as possible. I will also write a detailed article about my findings which you will find on website and also here on TradingView.
I think there is a definite risk of finding support at ~1.3675 and bouncing up extending the range bound trade. If support doesn't hold I will get bearish as well. We'll find out soon.
pgtomaras
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Thenks, Thenks Razvan !!
Razvan
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You are welcomed :)
lgiulian
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If I'm looking on the successive HH and HL seems like bulls are in control on this timeframe. Also the bearish legs are increasingly smaller indicating somehow the bears are not so strong as bulls. I rather wait for a buy signal on daily timeframe even though fundamentally is hard to believe EUR will go ahead 1.40000 with strong momentum :)
lgiulian
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... lots of pips for everybody
Razvan
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Thank you lgiulian :), please complete the form also, since you have experience in trading and analysis. It will be a very good input for my research.
lgiulian
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Not as much as you :)
I've finished the survey. I'm curious about the results
Razvan
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I will post a special article for the TradingView community after my research is done.
JDBIF
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I do not agree. Lets see the market. Good pips for u2.
Razvan
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That is good, what do you think about the EURUSD's direction then? :)