EUR/USD: 'Three Methods' pattern

EUR/USD: 'Three Methods' pattern

2004eurusdH4 (2).png

There's a 'Three Methods' pattern, so the market is likely going to continue declining. However, if any bullish pattern forms afterwards, there'll be an opportunity to have an upward correction.

2004eurusdH1 (2).png

The price has been declining since the last 'High Wave' was formed. Also, there's an opportunity to have a local correction, but bears will probably try to deliver a new local low afterwards.



Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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