hesitation

Updated

I see hesitation in the market. Maybe the place for a correction down.

Je vois des hésitations dans le marché. Peut-être l'endroit pour une correction vers le bas.

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It will be the one or the other

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Or if the price drops from here then both trades will be invalid

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Also I noticed that the awesome oscillator is showing some weakness. It tells somewhere that there may be not enough strenght to go up without a correction down. There is still a chance that I will not enter long atm.

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Undecision in the market. Eurusd is moving in the triangle.

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The euro tends to rise. But I don't quite have the signal yet. The weekend is near and this will be for next week. If confirmed we will maybe see the eurusd go to 1.1280

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The previous observations of last week are still valid. But the actual trend is still unclear. Actually it can still go in both directions inside of the triangle but with the last indicator signs in my stochastics on different time frames I can only predict a uncertain break above or below the triangle. Then we will move in a smaller box. The triangle will no longer be valid. If the price continue to make somewhat bigger move up or down it will likely be stopped inside of the limit extremes (=red line's). I can't make a clear forecast for the EURUSD except that we will continue to have undecision and also contradicted price movements. This is what I can see on my stochastics. My conclusion is that I will continue waiting until the price, the indicators and also the trend (+support, resistance) will confirm a solid direction for long or short.

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Base on what I wrote 5min ago. I see also a possible falling wedge which means the EURUSD is preparing a different way to move up after a time period. But this is not sure.

Manu76

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