UnknownUnicorn468659

EURUSD Possible long term channel, 1st EW, feedback is welcome

FX_IDC:EURUSD   يورو / دولار أمريكى
This is my first EW analysis. First I copied the upper channel resistance line and simply checked to see if I could find a near symmetrical lower support correlation. Coincidentally (C) has a near symmetrical match near where we are now. The lower support level of the channel ends at a measured move location: namely the (E)-(1) leg.

This move would mean that the resistance which is met at (4) will most likely be exactly 1.13500 which means that price will overshoot at around August before returning into the channel. That is when things will get interesting for the bears. Riding the price down to 1.0800.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.