EUR Update
I dont usually post after bad forecast, but I will do it for your request.
I really goofed up on my last one,
but right now because it powered through the center of the circle, which is usually the behaviour if the resistance of the center is broken,
it will continue to the other end of the perimeter, but no buy right now for me.
You can argue that it has reached the limits of the dotted circle in up movement, but I doubt that the dotted circle will have any influence.
On the H4 we are still in a sell zone, but the way that the thrust has exploded from 3050, I can see it finding support at 3120 and continue its upward movement until it reaches 3265.
Myself I have several sells at 3120 which I am keeping it open, I will either come at break even on them within a day or so, or be profitable in couple of weeks.
The 3120 zone is a critical zone if it gets there. Behaviour can be mixed, that is the prime reason for not going on a buy right now.
I dont usually post after bad forecast, but I will do it for your request.
I really goofed up on my last one,
but right now because it powered through the center of the circle, which is usually the behaviour if the resistance of the center is broken,
it will continue to the other end of the perimeter, but no buy right now for me.
You can argue that it has reached the limits of the dotted circle in up movement, but I doubt that the dotted circle will have any influence.
On the H4 we are still in a sell zone, but the way that the thrust has exploded from 3050, I can see it finding support at 3120 and continue its upward movement until it reaches 3265.
Myself I have several sells at 3120 which I am keeping it open, I will either come at break even on them within a day or so, or be profitable in couple of weeks.
The 3120 zone is a critical zone if it gets there. Behaviour can be mixed, that is the prime reason for not going on a buy right now.