JohnLiv
Long

EURUSD looking like northbound with Power, my analysis explained

OANDA:EURUSD   Euro / U.S. Dollar
Following on from my previous chart. (see below link), I had predicted a rise then a fall to the present price, this didn’t follow the prediction as it did not rise just continued to drop , this drop was shown in the chart but not as the predicted path. I decided to find out why the continuation happened and found the solution looking at previous dates.
My previous analysis does stand ground as good; even so thought would give more detail this time to my analysis should be noted if it was to continue south I see 1.04000 being hit without much support, that being said intelligence and knowledge would suggest not, but when in trading is intelligence worth credit, knowledge YES.
Analysis: Note bold red line left is a clone of right, this is where I see a correction required, because of the differential between the drop , blue arrow and the highlighted circle, this is then forwarded in my strategy to present chart, the fractal presentation reflects previous trends and although I have allowed for a possible 1.2700 have also considered strong resistance levels hence the peak of 1.1600 before moving south
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