The EUR/USD is currently in a DILEMMA
as seen on the chart, The price has touched the trendline (resistance), and we are unsure whether the price will break upwards or make a rejection downwards.
In the previous analysis, I predicted that the price would continue the trend. However, upon reviewing the recent movements, where there was a price gap below, and the price rose in a 3-3-3 pattern, we should be cautious of another scenario.
In the chart above, I depict two scenarios.
1. The green scenario is for a triangle correction, means the correction is completed and the price will break the line.
2. while the red scenario is for a zigzag scenario that requires one impulse wave downwards.
what do you think? are you green or red?
good luck
In the previous analysis, I predicted that the price would continue the trend. However, upon reviewing the recent movements, where there was a price gap below, and the price rose in a 3-3-3 pattern, we should be cautious of another scenario.
In the chart above, I depict two scenarios.
1. The green scenario is for a triangle correction, means the correction is completed and the price will break the line.
2. while the red scenario is for a zigzag scenario that requires one impulse wave downwards.
what do you think? are you green or red?
good luck
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.