sorry mrTauTrader, i got a mistake in my previous quote!
i need an hot soup and more sleep maybe
this is my view for incoming week posted at week ending yesterday in my journal
"and h4 shows price conquered again symmetrical down trend channel.
also true that closing candles are trying to respect the yellow dotted wedge, showing possible demand or positions covering coming into markets.
we already are in strong overall demand area from now to next 300 pips down as seen in previous reasons.
i think until strong pressure will be covered and price go out of this steep downtrend, we could easy see 1.5150 and also 1.50 area visited.
only there i expect to see shorts covering heavy and some demand coming into market. its only an idea actually since everything could change in next 2 weeks and if very bad, orders long could be closed and price will not find demand near 1.50 1.51 and we go for heavy downtrend in 1.40 area.
time will tell.
surely this next week and the other 2 we will see the beginning of a trend which could be live till ealry summer."
and chart attached.
so... i should also be expecting a move more down than actual 1.53!
i need an hot soup and more sleep maybe
this is my view for incoming week posted at week ending yesterday in my journal
"and h4 shows price conquered again symmetrical down trend channel.
also true that closing candles are trying to respect the yellow dotted wedge, showing possible demand or positions covering coming into markets.
we already are in strong overall demand area from now to next 300 pips down as seen in previous reasons.
i think until strong pressure will be covered and price go out of this steep downtrend, we could easy see 1.5150 and also 1.50 area visited.
only there i expect to see shorts covering heavy and some demand coming into market. its only an idea actually since everything could change in next 2 weeks and if very bad, orders long could be closed and price will not find demand near 1.50 1.51 and we go for heavy downtrend in 1.40 area.
time will tell.
surely this next week and the other 2 we will see the beginning of a trend which could be live till ealry summer."
and chart attached.
so... i should also be expecting a move more down than actual 1.53!
Yesterday was the past