Euro / U.S. DollarShort
EURUSD JOURNAL FIRST WEEK OF OCTOBER
Updated
Hey, this is some knowledge I learnt from the expert.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( Double Top ) at SNR and already make its neck. The price done breaking the neck line, and undergoes pullback.
But, if the price react with the parallel channel , price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( Double Top ) at SNR and already make its neck. The price done breaking the neck line, and undergoes pullback.
But, if the price react with the parallel channel , price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
Note
Double Top failed as the price break SNR line, else price will moving upward and getting a entry for long.
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