EURUSD [Descending Triangular Contraction + Barrier levels]
Observation:
Price movement near the end of the Descending Triangular Contraction
Analysis:
Long Breakout if price breaks 3 barriers namely
1.Two previous peak of the price movement formed resistance (surplus) area
2. Dynamic resistance [ Most important]
3. Previous Waves - if momentum is strong in this area, price could actually break the other two waves remaining to really break the area of triangular contraction (descending)
Short Breakout if price breaks 2 barriers namely
1. Small wave movements indicated by a blue line (same slope with previous waves)
2. Dynamic support [Most important]
*** Dynamic support is not horizontal rather leaning downward, in favor for price downtrend.
Conclusion:
Short has a higher probability of price movement than Long.
Price movement near the end of the Descending Triangular Contraction
Analysis:
Long Breakout if price breaks 3 barriers namely
1.Two previous peak of the price movement formed resistance (surplus) area
2. Dynamic resistance [ Most important]
3. Previous Waves - if momentum is strong in this area, price could actually break the other two waves remaining to really break the area of triangular contraction (descending)
Short Breakout if price breaks 2 barriers namely
1. Small wave movements indicated by a blue line (same slope with previous waves)
2. Dynamic support [Most important]
*** Dynamic support is not horizontal rather leaning downward, in favor for price downtrend.
Conclusion:
Short has a higher probability of price movement than Long.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.