💶💵 EUR/USD Suck In Accumulation 💶💵

21 בינו׳ 2023

💶💵 EUR/USD Suck In Accumulation

💶💵 Nearest strong support zone: around the fibo level 0.236 of the downward wave.

💶💵 Nearest strong resistance zone: around the fibo level 0.786 of the downward wave.

💶💵 Technical environment:

- Moving averages: Uptrend

- MACD: Uptrend

- RSI: Uptrend

💶💵 Price Action: EUR/USD again closes the week near 1.08. Today was another day of fighting between buyers and sellers, I already thought we would break out the bottom after which the US session completely reversed direction. Currently, it is necessary to wait for some kind of breakout from the current accumulation, because from the current levels an upward as well as downward scenario is possible.

💶💵 The scenario I am playing is to wait for a breakout from the accumulation. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. 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.

💶💵 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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4 בפבר׳ 2023

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