What we see on this chart EURUSD is really clear, we are in strong area (which you see in gray rectangle). In this area we cannot confirm if 100% we going to break lower trend line of downtrend channel but what we clearly seeing is price rejecting our bottom of channel,
As you see on chart we clearly have two scenarios in row,
Any question as always you can ask just bellow in comment or DM @FxShzd
Good-luck everyone
As you see on chart we clearly have two scenarios in row,
- 1st scenario is to break down then we easily touch small demand area as determined as 1
as we go down we have two demand just bellow 1st one and 2nd one, both of them are good two enter with lovely R:Rs
- 2nd scenario is to make a support just bellow, then we can look for a long as soon as we have pull back on our gray area, we go to touch upper channel
Any question as always you can ask just bellow in comment or DM @FxShzd
Good-luck everyone
Comment:
Still we could not confirm if price broke to up or to down, let see how price acts next hours
Comment:
Scenario 1 activated as expected
We have nice pull back on rectangle look for entry now
We have nice pull back on rectangle look for entry now