We could see another bearish wave within the context of the falling wedge pattern and towards the main long term rising trend line. As i explained in my youtube video, always wait for confirmation on the lower time-frames to trade your outlined possible scenarios on the higher time-frame.
Didn't trade this last week however looking at the previous weeks pinbar with almost 0 movement at trendline that seems a clear signal. hindsight is always 20/20.
0 reason that we wont see follow through to the downside with continuing weakness in the USD and targeting recent swing low seems sensible for a start. Because of some indecision in the charts on daily last week I would be looking at an ideal entry somewhere near the trendline
KP-ForexResearch
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Always on point. Thanks Technician
OmarNAMOUCHI
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Nice post on Youtube, thx for the advices and i'm look forward for more outlook analysis,
I was following this pair too, see bellow my.
Best Regards
Omar
Olu
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Was looking at this one too only from a candlestick analysis angle. Your channel lines add more context to this bearish scenario. Thanks
uu2
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what you published here was not the one you trade with .. so , just want to say not good earns since last paid 2 weeks ago.
roca1137
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Awesome work as always. We're always grateful for this!
0 reason that we wont see follow through to the downside with continuing weakness in the USD and targeting recent swing low seems sensible for a start. Because of some indecision in the charts on daily last week I would be looking at an ideal entry somewhere near the trendline