EUR/USD Chart showing predictions using FIB and Equidistant chan
Please realize that this is my first post and I am new to forex. Based on the structural indicators that I set up using the Fibonacci and the equidistant channel, I predict that the chart can take either one of two course of actions. It can go long and peak at where the previous tweezer top formations were creating a head and shoulders, then continue to make its way down, or it can break the 618 level and continue down rising back up to the .5 level and then moving back down.
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