traderwarbucks

EURUSD BREAKS SOUTH DOING 10-15 MPH until it hits the Gas fully

Short
OANDA:EURUSD   Euro / U.S. Dollar
The Red Trendlines show how the price is possibley bound by levels of sellers and buyers in the market. These are monthly trendlines drawn.
Comment:
The Golden Box drawn is the box that I believe the price will stay within for a good number of days unless news happens and goes crazy. I believe the price wants to fall due to the constant resistance inside this Fair Value area. Watch the equilibrium closesly inside the golden box and you will definitely know where the price is going whether it falls down or not. That equilibrium level is very important for premium and discount levels. At this moment I'm feeling bearish energy and it's possible for it to go up but I believe it's going to fall at some point and fall nicely just be ready and set your alerts
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