traderschmitz

traderschmitz

*this is not an investment advice; study purposes only. You can see a pattern cristal clear here: the price moves up and consolidate inside a rectangle. When price breaks out of the ends of the figure, it explodes towards the main trend. You can expect the trend to continue when the price "escapes" the rectangle.

traderschmitz

EURUSD is in a long trend up, but right now is correcting the price in a Fibonacci zone with a trend line. The price has a high probability to touch the trend line along with the fibo point and go all the way up again. *this is for study only, not a investment advice.