The EUR/USD is currently in a DILEMMA
as seen on the chart, The price has touched the trendline (resistance), and we are unsure whether the price will break upwards or make a rejection downwards.
In the previous analysis, I predicted that the price would continue the trend. However, upon reviewing the recent movements, where there was a price gap below, and the price rose in a 3-3-3 pattern, we should be cautious of another scenario.
In the chart above, I depict two scenarios.
1. The green scenario is for a triangle correction, means the correction is completed and the price will break the line.
2. while the red scenario is for a zigzag scenario that requires one impulse wave downwards.
what do you think? are you green or red?
good luck
In the previous analysis, I predicted that the price would continue the trend. However, upon reviewing the recent movements, where there was a price gap below, and the price rose in a 3-3-3 pattern, we should be cautious of another scenario.
In the chart above, I depict two scenarios.
1. The green scenario is for a triangle correction, means the correction is completed and the price will break the line.
2. while the red scenario is for a zigzag scenario that requires one impulse wave downwards.
what do you think? are you green or red?
good luck
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