Last Analysis on EURUSD and Expecting 2 Legged Upside Move:
After a sell climax, price moved down and broke below bear trend extreme and sell climax.
There was no strong breakout below trend extreme, actually it was breakout was failed and reversed up strongly.
First leg formed, now we expect another leg (or legs) up. Targets for Bulls can be: 1)50% PB 2)BO Point
Don't remember that major trend is bearish and this upward movement is just a correction, I think!
What do you think about this chart? Feel Free and Comment Below!
After a sell climax, price moved down and broke below bear trend extreme and sell climax.
There was no strong breakout below trend extreme, actually it was breakout was failed and reversed up strongly.
First leg formed, now we expect another leg (or legs) up. Targets for Bulls can be: 1)50% PB 2)BO Point
Don't remember that major trend is bearish and this upward movement is just a correction, I think!
What do you think about this chart? Feel Free and Comment Below!
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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.
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.