Hello Guys, Hope you all are watching the pair closely! Here is something which I want to share with you guys! There are three possible things which can happen at this current point. First we may see a new pattern (actual pattern) here if price show price action and don't break the YELLOW TRENDLINE in today or tomorrow's close! In that case we will see a short move up again! 2nd is that we may see a lower degree correction under the WHITE DOTTED TRENDLINE and then we will see further fall. 3rd: It will break directly from here which is not looking good according to current price action *but we still have time so can't say anything at this point.*
Conclusion: If price show price action here then we may see a actual new pattern here which means we may see a move up. OR we may see a further fall i.e. can be after a lower degree correction or it can be a direct fall.
Hope it will help you a bit!
Happy Trading Good Luck
Comment
⋅
So as per Possibility-1 (which I wrote in description) we got breakout of inside trendline before breakout of bottom trendline. So we will see a move up.
Comments
hao.deng.m
⋅
when pattern is so obvious, everybody thinks it will fall and enter the trade, it's the time for big players to get in...
WaveExpert
⋅
very right. Ppl got trapped in emotions and take trades at the wrong position without confirmation. @hao.deng.m,
waterman
⋅
So it is very simple. Either UP or DOWN . Simple as always.