EURUSD - Trends, Forecasts and Implications (Part 1) - page 448
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It's actually a great place to sell. If we go down, we will go down very well.
And if it turns upwards, there is not much of a loss.
One option for a reversal level would be today's support trend line .
If we pass 1.486 we go to 1.495
If we pass 1.478, we go down. But it's looking more down now.
yellow lines deciding the fate of humanity.
Inverted head formed, should go up to 1.49
And in general the market is pulling towards the branch to 1.5
What kind of foundation do we have ?
At the same time the head is being drawn on D1
And it is stronger, and accordingly pulling down.