EURUSD: Awaiting Next MAJOR Trend
If you are reading this forecast, bookmark it and revisit on the 3rd week of October.
If you have missed 2 great trends which were shown in my previous 2 forecasts on Gold and US30(check out related ideas below), here's the next one you don't wanna miss!
The chart is pretty much self-explained already.
EURUSD has hit a new low last Tuesday during the European session and price has retraced significantly.
Based on the repeating patterns whenever price retraced from a new low, here's what's gonna happen:
1. The price will undergo a period of consolidation.
2. Past patterns show that the consolidation will take about 2 weeks before the next major movement.
3. Watch out for the key supply zone between FR38.2 and FR50 to place a sell position.
So, just be patient and wait for the RIGHT TIMING to execute.
If you have missed 2 great trends which were shown in my previous 2 forecasts on Gold and US30(check out related ideas below), here's the next one you don't wanna miss!
The chart is pretty much self-explained already.
EURUSD has hit a new low last Tuesday during the European session and price has retraced significantly.
Based on the repeating patterns whenever price retraced from a new low, here's what's gonna happen:
1. The price will undergo a period of consolidation.
2. Past patterns show that the consolidation will take about 2 weeks before the next major movement.
3. Watch out for the key supply zone between FR38.2 and FR50 to place a sell position.
So, just be patient and wait for the RIGHT TIMING to execute.
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