The EURO is getting hit from pillar to post. Price movement favors the downside.
Look back and you will see what may occur again.
1. Consolidation
- Past = 72 bars
- Present = 64 bars
2. Trendline break
- Past = 10 bars and 500 pips
- Present = 4 bars and 480 pips.
3. Support break
- Past - at 153.50
- Present = 143.20
The consolidation and trendline break are roughly similar in duration and magnitude.
Choices I see are
1 Short now - on a break of 1.4800
2. Short later - at break of 1.4300
Look back and you will see what may occur again.
1. Consolidation
- Past = 72 bars
- Present = 64 bars
2. Trendline break
- Past = 10 bars and 500 pips
- Present = 4 bars and 480 pips.
3. Support break
- Past - at 153.50
- Present = 143.20
The consolidation and trendline break are roughly similar in duration and magnitude.
Choices I see are
1 Short now - on a break of 1.4800
2. Short later - at break of 1.4300
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.