Your Guideline for EURUSD
Updated
These are important trendlines and channels that guide the eurusd's movements.
what we can see here, the blue channel middle line has lost support.
so I think the first target would be the amber line.
If it gets back from the current blue line the it can head to the green resistance line.
Let's watch the play
what we can see here, the blue channel middle line has lost support.
so I think the first target would be the amber line.
If it gets back from the current blue line the it can head to the green resistance line.
Let's watch the play
Comment
amber line touched as predicted.Let's watch out the price action for the next target.
Comment
candles are about to hit a confluence of three resistance, red dotted channel line, red resistance line and blue midline (maybe a pullback to this uptrend ?!)is it powerful enough?
It takes high volume I suppose.
Comment
Well, It had no power and it's continuing to decline.Amber support line is breaking.
If the breakout is confirmed, our next stop would be the purple line.
Maybe a confluence of purple and blue lines.
The purple line is also the 61.8% of the last upswing.
Comment
Bill Williams would be short on this one because the fractal is broken.Comment
Purple line touched and reversed.Look how beautifully it plays within these lines.
Trading simply using only trendlines!
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