FX:EURUSD   Euro / U.S. Dollar
1602 7 56
its a complex correction and it can be end of it....
in my idea its a very very important that chart has received to ascending trend line with a big bearish candle and it can be a sign for breakout and strong falling ...
by all im looking for breakout and entry to sell position on next week...
good luck
Very good
nice chart, thanks!
Shadow matters but in my opinion price will rebound from this level and its not going to break down easily.
Also as far as your "weak candle theory" you should also look more into what day of the week it was that the candle was formed. Your previous two weak candles were formed in midweek so perhaps were able to pull back up the following day. Here our last " closed on a friday and hence we didn't have any chance of a pullback because of low volatility. Candles alone dont mean nothing it is the structure which dictates where the price would go and as of now taking your very own idea of a complex correction we should have a wave up. If it does break down then you need to consider selling the flag . Hopefully this makes a little sense and has some value

Forexgsx AkashGaur
@Fxtoronto, I'm buying long asap the market starts if is not too late and it gaps up before I can make a move. Good luck
jorv2074 AkashGaur
@Fxtoronto, Agree with you analysis - have to be open to both up or down move. Structure always trumps candlesticks
+1 Reply
Hey buddy can you please explain what a complex correction is ? Reason i am saying this is cos if that is a complex correction then it should not break down just yet. A complex correction always has 5 waves , if this breaks down this will be a simple correction and not a complex one. I am looking for one more up for the coming week. Best of luck
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