EURUSD: Further Drop Anticipated.

FX:EURUSD   Euro / U.S. Dollar
81 2 6

1. Major Trend Reversal In Play = Bullish , But!
2. Price In Broad Base Channeling Up= Bullish But Broad Base Allows For Both Sides Trading (Long And Short )
3. Price Formed A Triangle @ Upper Part of Channel = Lower Channel Needs Testing
4. CONFLUENCE OF POINTS: Outer Downtrend Line+Triangle+ Upper Part Of Channel + Prior MODE Zone = Strong Resistance
5. Target Is Lower Part Of Channel

1. BX            
2. Triangle BO And Follow Through(RE Bar)
3.11 Bar MODE
4. Target Is = Length Of Triangle Base

4H In Focus:

moorekapital moorekapital
Right On Point! See How It Bounced After Hitting The Target
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