Keep in mind that we are in a month where holiday can make liquidity not so tradable and so you should consider to use very small lot or go on holiday too and get back we liquidity is back. Anyway, speaking of eurusd a triangle holds the key to the next move, whether or not this wedge will be broken soon only time will tell. but just because we are in august be...
Now the scenario could bring the gbpcad of a possible massive drop if the two ShS are confirmed. Of course we are just analazing what the market knows. It all could be confirmed not before breaking the big neckline!!
Only few days ago the usd broke the channel resistence and now just retested as a support. one possible scenario could take the pair to go higher before a massive drop. so the pair could go up again and touch highs that had in 2017 and than have a massive drop. anyway before trading this pair always wait for something to form on the chart, such as m's and w's or...
If eurusd could finally go up the usdchf could go down. (correlation)!
Eur usd next episode, will it be the moment to continue long?
Here we have a channel that worked well for a very long time. what's next? here you have a possible scenario!!!
How this pair could follow after few days..
This channel can be respected but support and resistence can give a hint on how can be traded this pair. We should anyway do not forget that we are at the moment in a uptrend!!!
support and resistence are marked on the chart but it is the channel that should be taken into considaration! if you look for possible bearish events, you should wait for the right moment.
Fake or not the SHS is forming and can go to 1.20?
CAN EUR NZD FORM A MULTISECTION M? OR WILL CONTINUE TO FALL DOWN? Può eurnzd formare una M o continuerà a scendere?