Hello traders:
My last EURUSD analysis was forecasting the price to go up pass the recent double tops impulsively to confirm a potential up move.
However I am seeing the recent price action and structure are developing more into a correctional piece.
We see price correctively move up toward the recent double tops by forming a rising wedge structure, and hitting the top of the channel structure as well.
What I would like to see now is a lower time frame continuation structure to develop once price breaks out from here, and wait for confirmed correction and enter the sell.
Thank you
My last EURUSD analysis was forecasting the price to go up pass the recent double tops impulsively to confirm a potential up move.
However I am seeing the recent price action and structure are developing more into a correctional piece.
We see price correctively move up toward the recent double tops by forming a rising wedge structure, and hitting the top of the channel structure as well.
What I would like to see now is a lower time frame continuation structure to develop once price breaks out from here, and wait for confirmed correction and enter the sell.
Thank you
Note
Note
Still waiting to see if price breaks out from this rising wedge structure follow by continuation.Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.