InvestMate|EUR/USD Triple Top Trap?ðķðĩ
ðķðĩEUR/USD Triple Top Trap?
ðķðĩThis post is a direct continuation of my previous post in which I predicted a fall in price.
ðķðĩAs you can see the price is still struggling around the recent peaks.
ðķðĩMy scenario remains unchanged, I still think we are in for a downward correction.
ðķðĩLooking at the fact that we have made a triple top and the price clearly does not have the strength to go further up, inferring from the last two candles.
ðķðĩI believe we are in for a decline from current levels.
ðķðĩMy scenario is also confirmed by the MACD which shows divergence on the histogram. Clearly a lower peak on the price, a higher peak on the histogram bars. This is a downward signal
ðķðĩThe target remains unchanged, it was set in the previous post.
ðķðĩThe resistance zone remains around the recent peaks.
ðķðĩThe scenario I am playing out is a decline to the levels of the support zone set previously. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðķðĩThis post is a direct continuation of my previous post in which I predicted a fall in price.
ðķðĩAs you can see the price is still struggling around the recent peaks.
ðķðĩMy scenario remains unchanged, I still think we are in for a downward correction.
ðķðĩLooking at the fact that we have made a triple top and the price clearly does not have the strength to go further up, inferring from the last two candles.
ðķðĩI believe we are in for a decline from current levels.
ðķðĩMy scenario is also confirmed by the MACD which shows divergence on the histogram. Clearly a lower peak on the price, a higher peak on the histogram bars. This is a downward signal
ðķðĩThe target remains unchanged, it was set in the previous post.
ðķðĩThe resistance zone remains around the recent peaks.
ðķðĩThe scenario I am playing out is a decline to the levels of the support zone set previously. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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