Thanks, a little wiser again.
What I mean with bizarre is this:
I was looking for trendlines on weeklies and this one here is not steep enough compared to the latest two. So it aims to 1.44 and higher.
BUT a few minutes ago I found an older one and this says we already reached the high five weeks ago and is pointing into one direction only: DOWN.
If this one is right I would expect a drop to 1.19 with about 2000 pips in the next 11 months. Maybe we will see some history -
Make your choice gentlemen and start your engines.
What I mean with bizarre is this:
I was looking for trendlines on weeklies and this one here is not steep enough compared to the latest two. So it aims to 1.44 and higher.
BUT a few minutes ago I found an older one and this says we already reached the high five weeks ago and is pointing into one direction only: DOWN.
If this one is right I would expect a drop to 1.19 with about 2000 pips in the next 11 months. Maybe we will see some history -
Make your choice gentlemen and start your engines.