Lets have a look to my favourite pair EURUSD today
Due to political statements of Draghi the pair have startet a new Long wave. sinc q few days
(Maybe you rmember my Post: Possible trendchange to LONG..)
Thats startet some days ago
Whats interested ia, that now we build up a stronger longchannel in the normal channel, so the power is clear to the upside thats easy to see in the chart (purple lines are the shorttime lines)
At the moment EURUSD is head at the upper line of the longer ! UP channel, (Blue line)
so maybe we will se a small correction but than it shoud take of more in my oppionion.
Good trades
If you want to support my work and my charts , it would be nice if you would like them...