Eur/Usd looking bearish despite..
Despite inflation the Dxy looking bullish againts the Euro, I dont do fundamentals because the charts speak.
enough of that. But we have a basic trendline being respected on the weekly from the previous highs down to where we are currently,
we zoomed in as you can see down to the 4hr and we have a false break out of the Trend, 2 false break outs from the Trend but both came back into the current
with volume as I have it marked up. so, I am basing it off an elliot wave just for speculation( I didnt mark it) but i see wave 1,2,3, & we are currently on wave 4, expecting an extension for wave 5 so i am taking wave 1 and projecting it as wave 5. That is all. comment, like, follow.
Peace.
enough of that. But we have a basic trendline being respected on the weekly from the previous highs down to where we are currently,
we zoomed in as you can see down to the 4hr and we have a false break out of the Trend, 2 false break outs from the Trend but both came back into the current
with volume as I have it marked up. so, I am basing it off an elliot wave just for speculation( I didnt mark it) but i see wave 1,2,3, & we are currently on wave 4, expecting an extension for wave 5 so i am taking wave 1 and projecting it as wave 5. That is all. comment, like, follow.
Peace.
:D
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