EURUSD - Explanation WHY Upward Pressure Likely to Continue.
Hi Everyone! FINALLY on the fifth (5th) attempt I was able to upload a video publication without it locking up during the upload process. First one was 10.5 minutes (locked up). Second one was 10.2 minutes (locked up); Third One was 9.5 minutes (locked up); fourth one was 9 minutes 14 seconds (locked up). The fifth attempt finally worked at 8.5 minutes. Tier Team 2 Support has identified the issue and currently working on a fix. Hopefully, they get it fixed soon because there was so much more I could have covered to educate you more.
As pointed out in the video; we are about to test the upper boundary of a very long descending channel shown in the Monthly Time Frame. However, it does appear we have a decent chance of running up to test the upper boundary of that descending channel at least one more time. I will follow up with a 3 hour chart shortly to post a reminder for the short term for any of you looking to open a LONG Position. This publication is labeled a LONG position for the NEAR Term.
In case you are wondering what groups of time frames I used for different "terms" :
Short "Term" - 90m, 180m, 360m and 720m (1.5h, 3h, 6h & 12h)
Near "Term" - 24h, 2-Day, 3-Day and 4-Day
Mid "Term" - 3-Day, 6-Day, 9-Day and 12-Day
Long "Term" - 1-Week, 2-Week, 3-Week and 4-Week. If there is a LOT of history, I may even choose a higher group; such as 1-Month, 2-Month, 3-Month and 4-Month.
So, when I previously said, 'This publication is labeled a LONG position for the NEAR Term." You know what GROUP of time frames I'm referring to when I made that statement.
As pointed out in the video; we are about to test the upper boundary of a very long descending channel shown in the Monthly Time Frame. However, it does appear we have a decent chance of running up to test the upper boundary of that descending channel at least one more time. I will follow up with a 3 hour chart shortly to post a reminder for the short term for any of you looking to open a LONG Position. This publication is labeled a LONG position for the NEAR Term.
In case you are wondering what groups of time frames I used for different "terms" :
Short "Term" - 90m, 180m, 360m and 720m (1.5h, 3h, 6h & 12h)
Near "Term" - 24h, 2-Day, 3-Day and 4-Day
Mid "Term" - 3-Day, 6-Day, 9-Day and 12-Day
Long "Term" - 1-Week, 2-Week, 3-Week and 4-Week. If there is a LOT of history, I may even choose a higher group; such as 1-Month, 2-Month, 3-Month and 4-Month.
So, when I previously said, 'This publication is labeled a LONG position for the NEAR Term." You know what GROUP of time frames I'm referring to when I made that statement.
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