Re: EUR/USD

1183
mlawson71 wrote: Fri Dec 03, 2021 1:40 am That candlestick on the weekly time frame looks like a signal for a significant move north eventually.
On the weekly we have a downward trend and then a Pb.
The last weekly candle is higher than the one before. That means that the upward correction is still continuing.
Daily is in an upward channel.
As far as I can see there is no indication (as yet) that the downward trend on the weekly chart has been broken
a) higher high
b) higher low
Instead we have lower highs and lower lows = downtrend

Re: EUR/USD

1185
mlawson71 wrote: Sat Dec 04, 2021 4:24 am At this point I'll just be happy if the consolidation ends next week. :D
As you can see on the Daily it is bound to end fairly soon - one way or the other.
As for Friday - if you used the daily TLs as entry points there were two very brief trades.
But as you tend to say: it's too late for that now.
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