Chart update coming here: One idea says that the downtrend is finished and it is time to goes up to the end of channel. Lets see!
It is just an idea not a trading signals.
It is just an idea not a trading signals.
Comment:
just one more possibility.
A potential formation of a new channel.
for this scenario TP is 1.31
A potential formation of a new channel.
for this scenario TP is 1.31
Comment:
Although the initial forecast was for the price to go to 1.24/1.2380, sell positions closed at 1.2490 and buy positions opened at 1.2450 due to the mimic uptrend movment around 1.25. It was a false signal and became an deviation in my analysis book.
Update idea and analysis coming later.
Update idea and analysis coming later.
I am looking the reaction to this area. Break or reject!