EURUSD SELL?
.By observing the break of the trend line, our attention is drawn to the chart and it can be seen that a base was formed when the break was completed and away from the trend line.
.In my opinion, the shaped base is not a suitable base. The inappropriateness here is the location of the base, not the shape of the base. By the way, the shape of the base is very good.
.The next issue of interest is the departure or escape of the price from the base, which has a suitable shape.
Now it is enough to wait for the price to return to the base, and if the market behaves well, you can start selling.
Of course, the location of the base is not good. It would have been better if the base was formed above and below the trend line, and it would have sacrificed more people who had bought. However, despite the riskiness of this base, I will wait!
.Write me your opinion!
.I forgot to mention the Fibonacci golden zone.
.It is noteworthy that our base is located in the golden Fibonacci zone and it is an encouraging self-confirmation.
.Our target is at least equal to the thickness of the base and the stop loss above the golden Fibonacci or above the base, which is almost the same.
.In my opinion, the shaped base is not a suitable base. The inappropriateness here is the location of the base, not the shape of the base. By the way, the shape of the base is very good.
.The next issue of interest is the departure or escape of the price from the base, which has a suitable shape.
Now it is enough to wait for the price to return to the base, and if the market behaves well, you can start selling.
Of course, the location of the base is not good. It would have been better if the base was formed above and below the trend line, and it would have sacrificed more people who had bought. However, despite the riskiness of this base, I will wait!
.Write me your opinion!
.I forgot to mention the Fibonacci golden zone.
.It is noteworthy that our base is located in the golden Fibonacci zone and it is an encouraging self-confirmation.
.Our target is at least equal to the thickness of the base and the stop loss above the golden Fibonacci or above the base, which is almost the same.
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