so based on doing some technical analysis on eur/usd. last week E/U rejected a major resistance area in the 1.25000 zone, creating a double top and downtrend momentum. I simply placed a trend line and it currently looks like it is respecting the trend line in the 1.24100 area and may reject from breaking the trend line so being it will be continue with a downward momentum. so lets see what E/U has to bring for us this week. If any questions contact me on Instagram @TheRealAlanAlvarez.
honestly from 19:00-4:00 you can just ignore the movment of the eur/usd cuz of the low volume probably better to look at the 4 hour chart just because of that. but anyway nice analyze, I don't know what the % of movment on double tops are but probably more than 60% I'd recommend back testing the structure at least until you see it 20 times or 2 months back in time on the 4 hour chart. good luck!
acemoneybagz
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@granitehandchinkys, looking at it on the 4hr chart clears out a lot of noise! I appreciate the feedback, it played out in my favor !