Disliked{quote} My falling wedges height indicates about a 1823 high, but I'll probably sell before then. Around 1800. The height of a wedge's beginning can used to determine the selling point of the breakout. Take the height of the highest low of the bottom trendline, compare it to the subsequent high, and you've got the exit point. But your panels pretty darn close. I know this is a eur/usd thread, but heres a pic saying what I'm talking about from a usd/chf breakout I predicted last night. Oh, so you're saying call a short and ride the reversal. Nice....Ignored
Although I don't doubt the quality of your analysis, I can't bet against an 85% probability of a lower high and 68% of a lower low. The stats suggest a bearish day but if today's high is taken out it could fill bull pockets with pips.
21:00: Just revisted Adem71 profile sequences. The long term profile is very clear, price has migrated from value; value is in a clear down trend and will act like a strong magnet for price. The search for value may well continue until the price is auctioned down to the July levels down in the 1.14s. However, I feel more certain if the price actually re-enters the value area.
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