Avril_Forex

EUR/USD The formation of a descending channel?

Panjang
FX:EURUSD   Euro / Dolar A.S.
Hello friends

in the weekly time frame; After the formation of the Triple Top and the price meeting the MA200,
The price decreased and formed a Lower Low

I think the price has entered a downward trend
But we definitely expected Polback to continue the downward trend (goodbye kiss).

I think the pullback is over when the price hits the 1.10 range
And the price has entered a downward trend

And I expect a bearish channel to form on the daily time frame

For the next week, I am waiting for the price to rise, for the top of the channel to form

By checking the price action and several indicators, I predict the price movement as shown in the picture

Be profitable

*** Be sure to put a stop loss

Thank you for expressing your opinion with likes and comments

Penafian

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