As Bitcoin is struggling to find support, it appears the EURUSD is poised to break DOWN rather hard after a fairly strong run up. As long as price stays within these channels, it should likely continue higher. Yet, the current pennant formation/flag is setting up for a breakout/breakdown move.
Notice the Tesla Vibrational ARCS that I use to help time the markets? We are sitting at a breakout point with these arch and the potential for a downside move is rather strong in my opinion. Be prepared for what could be a very quick and aggressive downward price swing.
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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.