EUR/USD prepares the bulls
Updated
EUR/USD tested the support/resistance zone it might go down a bit to break the lows to complete the descending channel the go to the upside.
Note
EUR/USD is anticipated to be preparing to take a jump to the upside( LONG/ BUY) as the pattern break is preparing to complete another pattern. A clear reversal should be seen in the grey area as the previous pattern in orange lines should complete the 90 % rule but We anticipate the third touch first to complete the pattern (descending channel ) to go to the upside.If we do not get the reversal, we should get a continuation pattern to confirm more momentum to the downside.
2 hours ago
Comment:
The price has dropped to the estimated resistance or significant point as anticipated. With a daily charts we see a____ candle stick, so we anticipate to see an ingulphing candle stick close today to complete formation of MORNING STAR.
The morning star formation is our reversal at the resistance which now act as a support. This all put together gives price much possibility and much probability to go to the upside.
Please comment with your thought.
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