EUR/USD Strong support zone

Hello friends

According to the analysis image of Sep 24,
Unexpectedly, the price trend dropped to the lowest point of the wedge
While we usually expect 2/3 or 3/4 of the wedge to be corrected
And this state usually indicates the continuation of the movement

Currently, the price trend has reached a strong support level and I expect a correction after the price reaches 1.0485.
(Of course, I will definitely wait for confirmation)

- A doji candle has been formed in the 4H time frame
- RSI is below 30 in the daily, 4H and 1H time frames
- But I still haven't seen a reversal in the MACD indicator

And in my opinion, the price can play in the range area for a while

be profitable

Thank you for expressing your opinion with likes and comments

Trade active:

be careful, RANGE AREA

Trade active:

Price is in Range Area

After the price increase to about 1.0550-1.0560, I expect the price to decrease
And I have the formation of a double floor pattern or a head and shoulders pattern, to start a larger correction

Be profitable

Comment:

According to the analysis of September 28, the price is within the range

The biggest disadvantage is for beginners in this field
And the worst analyzes are those who are new to this field
And the biggest profit of banks and brokers is in this field
Because; Newbies enter selling with every bearish move and buy with every bearish move
And they are actually confused

The best strategy at this time for these people is silence
No attempt at compensation
until the direction of the trend is determined by the formation of a higher peak or a lower one

In my opinion, the main trend is still bearish, but we will definitely have a correction before the bearish trend continues.

be profitable

Thank you for expressing your opinion with likes and comments

Trade active:

My target today: 1.0630

be profitable