EURUSD has given us a corrective break out of the major ascending wedge. We saw a complex correction now where it topped off at the double top region. We can now look for bear flags to work our way down to atleast the 1.16 level.
Thank you very much. I am new to Forex. I would like to analyze the charts and articulate the way you have done. EURUSD is the only pair I am following, because I am still new. And feel more comfortable just focusing on one pair at a time. This is very helpful to me. I appreciate it.
wolffarchitecture
⋅
@celiasennon27,
If you following EURUSD then you must also follow DXY (the Dollar) they have an almost perfect inverse relationship to each other.
@broke_trader1, Yes my friend only on blockchain network
broke_trader1
⋅
@gwenemily55, you need to do more research about technical analyse
in short it's analysing the patterns that has repeated in the past therefore you technically anticipate to do the same in the future
the more data is available to be tested the more promising it is
so forex pairs has data all the way back to 1986 but cryptocurrencies has only been around for about 12 years
think twice
gwenemily55
⋅
@broke_trader1, I am sure about my analysis and it works