EUR/USD FUTURE PROJECTION EXERCISE| SCENARIO BREAKDOWN
Updated
Hello friends,
I invite you to participate in the future projection exercise, based on technical analysis, and way the price behaves under such predicament, which can be a very useful tool for traders to see what the price action might be given the current market sentiment and one's own bias.
As I've already mentioned before, I am short biased, and therefore, there are bearish scenarios, presented only.
So, these are three more or less realistic scenarios for the future price movement.
1- there is a breakout and the price goes lower in a smooth way. Which is somewhat unlikely.
2-The second one, begins as the first one with the breakout, but then goes to retest the mirror level. A false breakout is there intentionally.
3-A scenario where the pair goes up to retest the high, establishing a double top, to then go for a much expected correction below the level.
The market will find it's own way of finding a temporary equilibrium, indeed, yet having possible scenarios is nice.
Thank you for reading, like and subscribe if you feel like it. Also, comment your thoughts, I really appreciate!
Have a nice day!
I invite you to participate in the future projection exercise, based on technical analysis, and way the price behaves under such predicament, which can be a very useful tool for traders to see what the price action might be given the current market sentiment and one's own bias.
As I've already mentioned before, I am short biased, and therefore, there are bearish scenarios, presented only.
So, these are three more or less realistic scenarios for the future price movement.
1- there is a breakout and the price goes lower in a smooth way. Which is somewhat unlikely.
2-The second one, begins as the first one with the breakout, but then goes to retest the mirror level. A false breakout is there intentionally.
3-A scenario where the pair goes up to retest the high, establishing a double top, to then go for a much expected correction below the level.
The market will find it's own way of finding a temporary equilibrium, indeed, yet having possible scenarios is nice.
Thank you for reading, like and subscribe if you feel like it. Also, comment your thoughts, I really appreciate!
Have a nice day!
Note
Scenario 3 seems to be playing out!
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✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
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